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Business & farm
Can you walk me through this? When doing the interview what screens should I be looking for? Am I to assume it's in the Rental Section? Sorry, I'm not techy. TT has always been so easy to follow but with this situation I don't see what I can deduct where? It's wrong to change the cost basis of the house because of depreciation, correct? I have a list of things we did but I can't find information to know if they are improvements or expenses. I've researched all over the place. They are:
a water feature in the back yard (a fountain)
three doors added to the inside. (Two in a bathroom that had no doors and a set of french doors for the room that was an office/4th bedroom.)
Are these capital improvements? Or expenses to count to make it more appealing to buyers (selling expenses)? Or rental expenses?
Thank you in advance for your help.