I converted my home to rental in 2018, bought in 2010. I have made capital improvements before conversion. Where do I input those to add to costbasis for depreciation?

[Leonard · Accepted solution]

You will add the cost of the capital improvements to your original cost basis for your property.

When computing what value to use for depreciation when converting your home to a rental property you will use the lower of the fair market value or your adjusted cost basis which will include your original basis plus your capital improvements.