Investors & landlords

@Carl thank you so much for the thorough reply, I'm glad I asked. I will use original purchase price, as my adjusted basis is indeed higher.  

 

"That's only "a part of" the process which I won't get into here."

To clarify, I will not be retiring any assets, but I will be adding the additional percentage of rental use as a separate asset with the start date that portion of the house became available for rent.  Yes?