Page tree

Your cost basis in your home is the total dollar amount that you have invested in this property. This includes the initial cost of your home (down payment and loan payments), as well as the expense of home improvements (renovations or additions).

  1. For best results, make sure you have set up a Quicken house account to track the value of your home.
  2. Choose Reports menu > Net Worth & Balances > Net Worth.
  3. Click Customize.
  4. Click the Accounts tab.
  5. In the Select Account Group area, select All Accounts.
  6. Click Clear All.
  7. In the Select Account Group area, select Property and Debt.
  8. In the Account area, select only your house account. (If you've taken out a second mortgage or an equity loan on your house, include those accounts, too.)
  9. Click OK.
  10. In the OVERALL TOTAL row of the report, view the cost basis amount of your home.

What about home improvements that permanently increase my home's value?

What happens to my cost basis when I sell my principal residence?