Thank you for suggestions on adjusting for depreciation. Form 3115 looks a little daunting. A CPA friend suggested that at the sale of the rental, I should not use the $235K basis I used for depreciation when putting into use as a rental. Instead I should use the original purchase price $250K + capital improvements $55K -claimed depreciation $22K = $283K as basis at time of sale. If so, then I don’t know how to enter that into TT. Thank you.
