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Investors & landlords
Your improvements are added to the basis of the house. When you sell it the your gain will be the net of selling price minus costs of the sale, your adjusted property basis and the total depreciation you have taken. While you have likely individually depreciated the improvements during ownership there is no need to segment them at sale as you are reporting and recapturing the total depreciation you have taken.
May 27, 2023
4:05 PM