Just-Lisa-Now-
Level 15
Level 15
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Improvements SHOULD have been added as assets (and added to basis) in the year they occurred and depreciated, taking a small amount of their worth each year, then when you sell, the improvements would already be included in basis, and the accumulated depreciation that had already been deducted would be recaptured.

Since you didnt do that, you got the full amount of deduction for them already and you would NOT add them back to basis (reduce the sale price) now.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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