Dear LoraineG and Turbo Tax team,
Thank you for your feedback regarding repairs vs. improvements. Setting the need to properly classify repairs as repairs and improvements as improvements, am I only to include the repairs and improvements that occurred during the tax year?
If I can include repairs and improvements that occurred in previous years, do I include repairs and improvements since the date of purchase or, for example, do I only go back ten years? At what point should a previous repair or improvement not be included in the calculation?
Thank you for your assistance. Blessings!
