Here's the long and short of it.
I lived in the home 9 years. During that time I added a 2 story addition, a deck, and another room.
I converted it to a rental, and it continued to be a rental for 22 years. I took my depreciation on my taxes including additional improvements throughout this period. I sold it this June for a profit.
I was under the impression I take the FMV when it was converted to a rental for the sale on this years taxes.
By using FMV the improvements are taken in consideration.
