Investors & landlords

Hello again! 

 

1)  Can you please confirm that the "Other" expenses should only include tangible items? 

 

2)  If yes, should all labor charges (even under $2500) be added to all the other tangible items (excluding appliances, carpets and furnishings) that cost more than $2500 for the renovation?

 

3)  Would it then be proper in TurboTax to select "Rental Real Estate Property" asset, category "Residential Rental Real Estate", and a description of "2024 Renovation" (for the item asking to "Describe the residential rental real estate"?   

 

Thanks again.  I'm getting there with all of your assistance!

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