Investors & landlords

Thanks for the clarification.

What about the improvements that had been made in order to the property prior to renting it out?  I depreciated these assets in 2020 and 2021. In your earlier post, it seems as though you can declare them to be sold - presumably on the date the house was sold - and these are treated as a kind of deduction.

If these assets are sold with the house, is the Asset Sale Price supposed to be 0?

Thanks

KD