Yes. Add them to the basis. If you had rental income in 2020, you will enter all your information in the Rental Section. You will be asked about cost and improvements.
If you did not have rental income, enter it in Sale of Business Property.
1) Wages and Income
2) Other Business Situations
3) Sale of Business Property
4) Other Property Sales
5) Select Sales of Business or Rental Property that you haven't already reported
6)Choose No to the question, "Do all of the following apply to the property you sold?".
7)Choose Yes to the following screen that asks, "Do any of the following descriptions apply to the items you sold?".
8)Select the type of property from the drop down box.
9)Enter the information for your sale.
