Hi, I have a similar situation and I'm wondering if you can clarify. In my case, I bought a condo in 2005. Paid too much, as was the market. I married in 2008. Value tanked and we stayed there until 2013 when we needed a bigger space for our growing family. We started renting it out in April of 2013. I guess my question is, are any of the closing costs I paid when I purchased in 2005 able to be added to the basis? I'm not sure that I deducted them for my 2005 taxes and don't know how to even tell at this point, it's been too long. I'm grappling with trying to find things I can add to the basis to counteract the depreciation recapture tax. And do any of the condo fees I paid up until I rented it out count? If the association made upgrades or improvements to the property with them? New pavement...etc? Thanks.
