ColeenD3
Expert Alumni

Investors & landlords

Your question was answered in this thread, with an additional question about the country roads.

 

Yes, all the improvements should have been added to the basis of the property and depreciated when it first became a rental.

 

You mention county roads. Was there also land involved that he improved and was part of the sale?

 

Mar 24, 2021 at 6:21 PM