How do I increase the cost basis of a rental sold in 2018? I wish to increase by the amount spent on improvements to make it ready for sell. I spent over $20K all in 2018
How do I increase the cost basis of a rental sold in 2018? I wish to increase by the amount spent on improvements to make it ready for sell. I spent over $20K all in 2018
You could enter these as selling expenses or add a new asset called Improvements.
How do I increase the cost basis of a rental sold in 2018? I wish to increase by the amount spent on improvements to make it ready for sell. I spent over $20K all in 2018
You could enter these as selling expenses or add a new asset called Improvements.
How do I increase the cost basis of a rental sold in 2018? I wish to increase by the amount spent on improvements to make it ready for sell. I spent over $20K all in 2018
Do NOT change the selling price ... this must be the same as the 1099-S the IRS gets otherwise you will get a letter.
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