moana
Returning Member

Where do you enter capital improvement for sale of rental property that was converted from personal use?

Hi All:

 

I hope someone can help. 

 

In 2014 I converted my home to a rental property that I sold in 2018.

 

Before I converted the property to a rental I made building improvements. Where do I enter them.

 

I think I enter them under Sales Information ... Under Asset Sales Expenses ... since improvements were only for building. Am I right? It seems to populate right in Form 4797 Line 21: Cost or other basis plus expense of sale for building.

 

Any help greatly appreciated. 

 

Ed