Can I add improvements to rental property that were done in prio

I sold a rental house in 2018 and I have been depreciating the value of the house since I started renting it but never included the value of the improvements (around 30K, including hardwood floor and kitchen remodeling).  How can I add the value of the improvements to my total cost in order to increase the basis? Is this allowed? Do I need to go back amend prior tax returns? 

 

Thank you so much for your help!

 

所有跟帖： 

• can't you just deduct it from your selling price? -gqc- ♀ (111 bytes) () 02/19/2019 postreply 06:46:08

• If I deduct from the selling price, It won't match the 1099-S th -withHope99- ♀ (97 bytes) () 02/19/2019 postreply 06:52:59

• when was the improvement made? -柠檬椰子汁- ♂ (0 bytes) () 02/19/2019 postreply 06:59:56

• 4 years ago -withHope99- ♀ (0 bytes) () 02/19/2019 postreply 07:05:38

• before you start renting? -柠檬椰子汁- ♂ (156 bytes) () 02/19/2019 postreply 07:08:16

• Right before I started to rent. -withHope99- ♀ (0 bytes) () 02/19/2019 postreply 07:10:16

• Did you depreciate the original price? -柠檬椰子汁- ♂ (723 bytes) () 02/19/2019 postreply 07:13:57

• Thank you so much! I only depreciated the structure, not the lan -withHope99- ♀ (0 bytes) () 02/19/2019 postreply 07:17:42

• Compare and Contrast -柠檬椰子汁- ♂ (767 bytes) () 02/19/2019 postreply 07:21:59

• thank you, that helps! -withHope99- ♀ (0 bytes) () 02/19/2019 postreply 07:27:38

• 我想他这个情况保险起见还是去修改以前所有年头的税表。 -borisg- ♂ (250 bytes) () 02/19/2019 postreply 07:32:52

• 关键是不好确定结构的购买价 -柠檬椰子汁- ♂ (171 bytes) () 02/19/2019 postreply 07:40:41

• thank u -withHope99- ♀ (0 bytes) () 02/19/2019 postreply 07:44:36