What is meant by 'maximum cost amount' in relation to property? Does this mean the sales price?

[TurboTaxLise · Accepted solution]

• "Maximum cost amount during the year" refers to the maximum value of your property at any time in the year (any point in any given day in 2018).

• "Cost amount at end of year" refers to the value at the closing of 2018 TY, generally would be the acquisition cost of the property.