Pertaining to the community advise I'm requesting a response to one additional question: How do I show a csot basis as one asset/property when using Turbo tax it specificially wants identified the "original purchase price" and purchase date of the rental properlty, which would be my $45K. Then the program states specifically that any improvements should be added as an "added Asset". I understand the $45K will be fully depreciated, but Turbo tax has not made allowance to record the $45,000 - $27,000 + $255,000 as one asset/property at the "original price". Have I missed something?
