Author Topic: Help on Adjusted Cost Basis  (Read 477 times)

tealduck

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Help on Adjusted Cost Basis
« on: February 10, 2017, 08:05:52 AM »
I purchased house in 1998 and lived in it until June, 2016 when I began renting it.

To figure out adjusted cost basis am I correct to use the original building value (not land) plus capital improvements made through the years.  Or do I use the 2016 building value (not land) plus capital improvements made through the years?  Thanks for any assistance provided.