AmyC
Expert Alumni

Investors & landlords

Your cost basis is what you paid for the house plus any capital improvements. If you did not make any improvements, there is nothing to add. If you fenced the yard and added a garage, you have things to add.

 

Your numbers don't match the ones shown. You need to change the numbers you entered so that the depreciable house amount is the lower of cost basis or fmv.

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