sootmaker
New Member

Investors & landlords

I sold my rental property in 2021, also had it rented out a few months prior.  The deprecation amount was incorrect as the cost basis was not correct.  Example, I paid $200,000 for the property, but the depreciation (cost Basis) was $150,000.  I need to find someplace to modify the cost basis to $200,000 and also put the selling closing costs in?  Where would I do that?  In a previous post you stated to change it in:  Ending Adjusted Basis in the property  (can not find that anywhere).  I get in a loop where it asks for selling price for property and land, but never asks for a new cost basis.  Thanks