"Renovation sales expenses must be entered as non-business assets" answered for a similar question like mine by TurboTaxColeen, the link of the answer is below:
<a rel="nofollow" target="_blank" href="
https://ttlc.intuit.com/questions/4327248-how-do-i-enter-the-sale-of-a-rental-property-so-that-i-mak...>
By entering the renovation sales expenses as asset and sold, the capital gain reduced around $20,000 vs using it per the first answer above. So I think the link suggestion makes sense, since the renovation expenses are only for the improvement portion which was depreciated.
I hope an expert will be able to clarify which approach is valid between the (1) renovation of sale expenses entered as non-business assets or (2) the renovations sale expenses entered towards the whole sale amount (bldg. + land).
