- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Just say that 1) you converted from personal to rental, 2) you began in April, 3) and yes, all your improvements settlement charges at purchase are added to the basis.
Your basis for depreciation is the lower of the Fair Market Value or Adjusted Basis on the date of the conversion.
‎April 13, 2021
12:55 PM
10,051 Views