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Get your taxes done using TurboTax
One last question... For one of the capital improvements (new tile floor), I placed in service 3/7/2018 and started depreciating that cost starting on my 2018 return. It's now all depreciated (Depreciation amount shows as zero), but $2265 shows up under the Section 179 column on the "Your Property Assets" screen. How should I handle this as far as showing it as a Capital Improvement to increase my cost basis/lower my capital gains?
March 20, 2023
10:53 AM