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Investors & landlords
Hi You mentioned that "The improvements that you made to the property would be added to the basis and would be taken into account on your tax return when you report the sale of the property." Regarding these improvement (made to prepare for the sale of rental property), where do I add them to the basis? is the Cost field (under the "Review Information" of assets, which also includes the Date when the assets was acquired & Land)?
‎October 13, 2020
12:32 PM