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Customer: Just trying to figure out the basis of home. I own rentals and am finishing my taxes. I refinanced a few years ago and was wondering if my adjusted basis changes
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Submitted: 1 year ago.Category: Tax
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Answered in 9 minutes by:
4/12/2016
Tax Professional: Lev, Tax Advisor replied 1 year ago
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 30,162
Experience: Taxes, Immigration, Labor Relations
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You basis is your purchase price PLUS improvement expenses MINUS depreciation.Refinancing woudl not affect your basis.
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Tax Professional: Lev, Tax Advisor replied 1 year ago
I appreciate if you take a moment to rate the answer.Experts are ONLY credited when answers are rated positively.If you still have any doubts, need clarification - please be sure to ask.I am here to help you will all tax related issues.
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Lev, Tax Advisor
Category: Tax
Satisfied Customers: 30,162
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Experience: Taxes, Immigration, Labor Relations

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