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Get your taxes done using TurboTax
@DianeW777 - thank you again. I am a bit confused. This article from TT says I can just add improvement costs to cost basis when I sell the house and does not tell to depreciate it:
I would appreciate advice/clarity on how to deal with improvement costs.
Similar to purchase closing costs, it seems I can just add those to the cost basis when I sell the house. There is no need to depreciate if I forgot to add them in the beginning.
March 6, 2024
10:38 AM