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Business & farm
Thank you for the info !
Followup questions:
1 - Could we just add the 2010 improvements cost to the 2019 'Business Income and Expenses'/'Sales of Business or Rental Property'/'Cost of Property (or Tax Basis) Plus Expenses of Sale' number ? Btw, the house was not a rental when the 2010 improvements were made, but unfortunately we didnt add to the cost basis.
2 - Would we have the same problem for a future sale of our primary residence home with major improvements done in 2008 & 2012 ?
3 - Couldnt figure out how to delete (for start over) the entry at 'Sale of Business Property' 2019 entry at the 'Business Income and Expenses' list, so went to 'Schedule D' and deleted. That seemed to work, but is that the only way to do 'delete' that entry after all has been entered and saved.
Thanks again !