@JJ548 Enter your actual cost basis - what you paid for your 50% interest. The actual amount you paid. Not the 100% value. The actual amount that you paid. Then you can add the improvements that you made in 2021. That is your cost basis.
Then you need to adjust the depreciation. TurboTax will want to cut what you got in depreciation in half because you doubled the value. It will show what the math says that the depreciation should have been on your 50% value. You will change that to show the actual amount of depreciation that you took.
This will get your gain to the right place.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
