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@JOFI wrote:

 

Accordingly, per IRS rules, the cost basis for the home was set at $250,000 and this value (less land cost) was depreciated.

How can I adjust ProSeries to reflect the $300,000 value as the actual cost basis for sale purposes, instead of the lower $250,000 entered onto the Asset Worksheet?

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No, the depreciable Basis is $250,000.  The "cost" Basis is still $300,000.

Keep the depreciable Basis as it originally was ($250,000).  Then in the Disposition section of the Asset Entry Worksheet, about 1/2 into that section there is a line that says "Asset gain (loss) basis, if different (enter 100% of basis)".  Enter $300,000 on that line.