Owner lived in house for 6 years before converting to rental property
Owner did major improvements to property while living in house
These improvements were not picked up and depreciated when house was rented out-only amount on sale to owner picked up and depreciated.
How should these major improvements be handled now that the property was sold in 2016?
Is there a certain form that needs to be used report these on?
Thanks
Owner did major improvements to property while living in house
These improvements were not picked up and depreciated when house was rented out-only amount on sale to owner picked up and depreciated.
How should these major improvements be handled now that the property was sold in 2016?
Is there a certain form that needs to be used report these on?
Thanks
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