Thank you so much for following through further. I sincerely appreciate the attention you have bestowed upon me. You are very kind.
I hate to lose you by posting a different subject and lose the connection with you. May I ask you a different question totally here? If I must post a separate subject, I will.
Here it goes.
I rented my Virginia home starting June 2018 and sold in December 2019. In 2018 tax return, for the rental, I depreciated a bathroom remodel (occurred in 2018) for $200. That is it. I forgot to depreciate the entire house of home improvement, addition, etc in 2018 for the rental. Now, in 2019 tax return, for the home sale cost basis, I increased cost basis by adding the entire home improvement, addition of $80,000 and decreased cost basis from the depreciation of bathroom remodel of $200 (in 2018) and $400 (in 2019). Am I good?
Hope to hear from you again. Thank you sir. To pay forward, I like to help others file tax return in the library. Simple cases not like mine though. Haha..
