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Updated almost 6 years ago,
Adjusted Basis of Rental Property?
Hi All,
I have a rental property that I sold in 2018. I lived in the property for approximately 2 years, rented it approximately 1. My question is related to my adjusted basis on the home as this directly affects my reported gains. For the years that I rented the property - can I use property tax and mortgage interest as increases to basis or am I limited to only repairs / direct costs associated to updating and maintaining the property?