My long-time tenant moved out in January, 2024. I went in and gutted the carpeting & replaced with hardwood floors/replaced several windows/replaced sink/replaced fireplace insert/replaced hot water heater/and of course repainted and cleaned and cleaned and cleaned. I did all the work myself. The receipts total about $12,000. I don't know whether to expense it all, or to depreciate all/some of it. I appreciate your help on this!
