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Get your taxes done using TurboTax
You can still report all the carrying costs on the Sch E as normal and add up all the improvements and enter them as one depreciable asset. If you sold the home in 2022 then in the TT program you will enter 1 day of rental use to keep the Sch E alive then follow the screen instructions to sell off all the assets.
‎October 30, 2022
7:09 AM
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