nicdagg
New Member

Investors & landlords

I am having the same issue.  I added a new kitchen and floors to my rental property in Jan 2018.  +$20k. I sold later in the year in Oct 2018.  I added the improvement under the property...so now I have the original purchase cost basis as one line, and the improvements as the second line.  When I edit the property to include the sale information, it is not including the +$20k in the adjusted basis.