pk
Level 15
Level 15

Get your taxes done using TurboTax

@tanlongpham , I just wanted to make sure  you understood  that the adjusted basis is affected  by cost of improvements  and NOT repairs.   Repairs are included as expenses  on your Schedule-E  each year to offset the rental income while Improvements ( things that increase the value of the property ) are depreciated and accounted for when you dispose off the property.

 

I understand your desire to seek professional help  .

 

Is there anything more one of us can do for you ?

 

pk