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The basis is your original purchase price - $18,000
The basis is adjusted by some items occurred during the time you owned the property.See following publication - page 99
Table 13-1. Examples of Adjustments to Basis
For instance - additional to your home, complete remodeling, new roof - these are examples of improvements added to the basis.
Another issue - if the property was owned and used as your primary residence at least two out of last five years before the sale - you would be able to exclude the gain from taxable income.
If so - the gain (if any) is less that allowable exclusion ($250,000 for a single person) and you would not need to worry about calculating adjusted basis.
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