Carl
Level 15

Investors & landlords

You have a lot to learn about rentals and being a landlord when it comes to the tax front. But don't let that intimidate you. At least you're asking questions. Not the right ones yet, but you'll get there. My first question is this:
Was all the property improvements done *before* the appraisal that gave it a 160K value (your cost basis)? Or was it done after? That matters big time.