How do I calculate my purchase price?

Your purchase price is the total amount you paid to purchase your home. This includes, but isn't limited to, the following:
  • The amount you paid for your home, including any down payment and any amount borrowed to pay for the home. If you built your home, include the cost of the land plus the amount it cost you to complete the house.
  • Any settlement fees or closing costs, except for financing related costs (such as seller-paid points).
  • Any real estate taxes or other costs you paid on behalf of the seller that were never paid back by the seller.

Free federal for everyone

Start 2025 return