My lack of approriate terminology is certainly confusing, but I promise I am just trying to get this right. The land itself that was gifted to me over several years was inherited by my mother from my father, from his mother before, and his grandmother before that. My mother had consulted professionals who structured the land gift. The building of the house was a collaborative effort, with permits in my name.
I have read through the info you kindly sent. Improvements I made in the conversion include plumbing changes, electrical changes (sub-panel and wiring), installed small kitchen, washer/dryer hook-ups, wall partions, replace garage door with windows, HVAC split unit. These were not "start-up" costs but were necessary for me to have a place to live. Still, they are part of the house overall and increase the value of the house. BTY, I will NEVER sell this place. Gave up a LOT to keep it in the divorce.
