Hi,
So it sounds like there is not a way to have improvements made prior to renting my home factor into the basis of my home I sold? And any improvements I made prior to selling and after the tenants moved out cannot be used to adjust my cost basis? I honestly thought any improvements would be used to adjust my tax basis when I sold my home but based on the below that is not feasible. I have to file form 3115 and essentially adjust the amount of depreciation taken annually? Why wouldn't I just add it as an asset to the Sale of Asset/Depreciation section. Any additional thoughts would be appreciated.
Thank you.
