Greetings:
Looking for help on how to deal with $75,000 of renos on a small house that I rent out.
These all seem to be CAPITAL in nature.
Do most folks report such expenditures? And if so, where are they reported?
And if they are not reported, would this be detrimental when I decide to sell the house?
(I have owned this property for 10 years and this would be the first time I have dealt with such an issue.)
Thanks to all!
