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Level 3
December 1, 2021
Solved

Non-deductible portion of Mort Int & property taxes to basis when selling primary residences for home owner exclusion

  • December 1, 2021
  • 1 reply
  • 23 views

Can you add the non-deductible portion of Mort Int  (Mortg in excess of $750K) & property taxes (SALT limitation) to basis when selling primary residences for gains outside of the home owner exclusion?

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Best answer by LA CPA

Do you have a source for that?

 

Thanks!

1 reply

sjrcpa
Level 15
December 1, 2021

No.

The more I know the more I don’t know.
LA CPAAuthorAnswer
Level 3
December 1, 2021

Do you have a source for that?

 

Thanks!

BobKamman
Level 15
December 1, 2021

Seventh Commandment