Wholesale Cost Of Home

I assume you’re looking for what the IRS considers your cost basis for the property. That would be your original purchase price plus anything spent on permanent improvements over the years.  Repairs and redecorating don't count, but putting up a fence or even a new towel rack is a permanent improvement, and so is landscaping.  As you've owned the house 20 years, you may have had more than one complete new roof. Each is a permanent improvement, though patching a roof wouldn't be.  You can also add in any legal costs of buying not previously deducted elsewhere on an income tax return.    All of this is your cost basis for the property, assuming you've never rented it out.  If you have used it as income property, the calculation becomes more complicated and you need professional help arriving at the right figure.