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Get your taxes done using TurboTax
@tanlongpham , I just wanted to make sure you understood that the adjusted basis is affected by cost of improvements and NOT repairs. Repairs are included as expenses on your Schedule-E each year to offset the rental income while Improvements ( things that increase the value of the property ) are depreciated and accounted for when you dispose off the property.
I understand your desire to seek professional help .
Is there anything more one of us can do for you ?
pk
‎April 10, 2023
10:39 AM