I sold some land. I bought it for 160,000 and sold it for 380,000. I made 40,000 in capital improvements. Where do add the 40,000 to the 160,000 cost basis to bring it up to 200,000?
Do i just add it to the cost basis field in Turbo Tax in the investment section? Or this there another place to add it. I have Turbo Tax Premier.
