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Investors & landlords
The repairs you mention would not be considered Capital Improvements, but could be considered Sales Expenses. Replacing items with updated ones is considered a 'repair'.
Here's more info on Home Improvements.
If the property was never advertised as a Rental, enter the sale in TurboTax as an Investment Sale.
Here's details on Sale of Inherited Home.
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‎April 13, 2023
12:09 PM