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When you began the rental process you were asked both for the basis (cost plus major improvments) and your Fair Market Value. Both are compared to determine the amount to depreciate. Your major improvments should have been reflected there.
Repairs that your made to your home while it was your personal property are not deductible. Repairs while a rental should have been taken as a deduction in the year they occurred.
When you began the rental process you were asked both for the basis (cost plus major improvments) and your Fair Market Value. Both are compared to determine the amount to depreciate. Your major improvments should have been reflected there.
Repairs that your made to your home while it was your personal property are not deductible. Repairs while a rental should have been taken as a deduction in the year they occurred.
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