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Get your taxes done using TurboTax
I would track it under supplies or repairs and keep the receipts. You should be fine.
How did you track the capital improvements like carpet and appliances? Were they put into service the same year you sold the property? I installed new carpet in 2018 and sold my property 4 months later (still in 2018). I'm trying to decide if I should just include the value in the adjusted cost basis and not actual list them in the Assets screen. Or should I expense it under safe harbor at which point I assume I cannot treat it like a capital improvement.
ā€ˇFebruary 27, 2019
6:59 PM