Should I enter cost basis or adjusted cost basis "tell us about this rental asset"? my adjusted cost basis is what is being depreciated for my rental, I sold this year?

[IreneS · Accepted solution]

If you are calculating the capital gain from the sale, enter the adjusted cost basis of the property.  Remember to include in the adjusted basis any settlement costs when you purchased the property and improvements to the property.  Depreciation taken is subtracted from the basis.

[trueworship2011]

Thanks! do I add all the improvements now that was included in adjusted cost basis amount? that amount shows a depreciation over the previous. If i add all improvements do I allocate depreciated amount to 4 improvements (including building)?