Home&Business. 1st yr. using 30% of home for bus. TT says use lesser of fair market value or original basis (do improvements increase basis?)

dan3 · ‎June 1, 2019

Orig. purchase $111,000 1991. Capital Improvements of $200,000 as of 12/31/15. Current market value $359,000. is basis $111,000 or $311,000?

Home&amp;Business. 1st yr. using 30% of home for bus. TT says use lesser of fair market value or original basis (do improvements increase basis?)