Thanks so much for your response. The place increased in value over the years so reporting the loss is not an issue.
Wanted to clarify how improvements are calculated and reported. I bought the place with four concrete walls, nothing else. Does finishing it (interior walls and doors, floors, lightning etc count)? Does new kitchen and new appliances count? If I provide some documentation that the place had no appliances, will I still need to come up with receipts? Thanks again!
