Hello, it is using the $425,000 cost and $250,000 land value that I entered when I converted to rental and has been depreciating off that since 2012, roughly $65,000….the $450,000 was the FMV at the time of conversion but since I have a gain it seems like the cost basis can be the original cost when I bought it plus capital improvements prior to the conversion which would be $507,000 and $30,000….doesn’t seem to be a way to make turbo tax do this easily or at least with my experience using it…the unit was rented from the 2012 conversion until June 25 2022, I listed it and closed on the sale roughly 2 months later in august 2022
