Core Issue: Filled out everything as I went along only to find there was no place where Capital Improvements could be added to the original purchase price to raise the cost basis on a rental property we sold in 2025.
What I've done: I've gone back to the entry and clicked "Update" but it solely takes me to start a whole new entry, not actually update the existing. One strategy might be simply to alter the "Purchase Price" to the Cost Basis, even though that is not what the entry says. Not able to actually "Update" posses a problem, plus not ever figuring how to add Capital Improvements. I've gone to Forms - Schedule E - Disposition Report and in the field "Cost or Other Basis plus Selling Expenses" I cannot alter the entry, nor right click (one an Apple MacBook Air) to see where it links back to. I've also gone to Form 4797, p2 (copy1), Line 21, which is the same figure and cannot right click or otherwise figure a way to alter the entry.
Were Capital Improvements somehow intended to be entered years ago when they were made, rather than now as part of establishing the Cost Basis in a sale? That is the only thing I can guess.
Any and all help appreciated.
