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Old 08-11-2020, 02:22 AM
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Quote:
Originally Posted by thumei View Post
Understood. Sounds like I might be hurting myself if I try to sell the house, unless I can get enough to cover the tax consequences. Thank you for all your help.
Agreed. alsop as you know well, It?s very important to do your research fore accurate info . before you decide.



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  #12 (permalink)  
Old 02-08-2023, 04:55 PM
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Your cost basis remains unchanged. It doesn't matter how much you owe on the property. You should have been deducting all legal costs of the eviction process and any expenses related to the property including utilities, maintenance and repairs each year that they occurred.



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