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How to track house basis while keeping market value as asset?
I have seen advice from Quicken support to treat capital improvements to a house as a transfer to the house asset account so that the house asset is the basis. But I've also seen advice from Quicken support to use an "Update Balance" at least every year to show the change in market value. Of course, this would ignore all the capital improvements then and the house asset would no longer be the basis, but instead the current market value. Does Quicken support have any advice how to track basis on a house as well as have the correct current market value of a house as an asset account?
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