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Financial Planning / Tax Strategies


Subject:  Re: Adjusted Cost--Sale of Home Date:  3/17/2014  10:32 AM
Author:  FlyingDiver Number:  120484 of 132521

Cost basis has nothing to do with the loans. You need the original purchase price, which can be adjusted for certain purchase expenses, capital improvement expenses, and selling expenses. Other adjustments are required if the property was converted to a rental at any point.

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