Reply To: Confused – adjusted cost basis? Figuring Cap Gain

[Jannie]

And, thanks for the link.
Understand about the depreciation when sell. Made the mistake of not taking depreciation years ago on a property had as personal home, couldn’t sell so turned to rental when moved…. then about 6 yr later sold, wow – even though didn’t take depreciation had to account for at the sale for the IRS. Never make the mistake again 🙂