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Learning, Sharing, and Teaching => Real Estate and Landlording => Topic started by: tealduck on February 10, 2017, 08:05:52 AM

Title: Help on Adjusted Cost Basis
Post by: tealduck 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.