jason107
New Member

Investors & landlords

Thanks for the info.  That all makes sense.

 

How do I go about capturing those improvement costs?  Do I need to record those costs anywhere on my 2022 return when they were incurred (even though I can't claim them as an expense), or do I wait until the place is rented again in 2023, and then put them on my 2023 return?

 

I'm also wondering, when I do start claiming rental expenses again, how do I get my old rental records back from TurboTax.  I had the depreciation all set up and it was almost automatic from year to year.  Now it's gone.  When I start renting that property again, how do I reconnect to the previous records?

 

Thanks again!

 

Jason