Following the interview process for rental property. Under property profile, it asks for purchase price, then improvements made [remodeling]. Then later asks to enter property tax values, splitting out land vs [improvements + remodel costs]. Am I double entering the remodel costs by entering them in both places?
(Side question: Do I use assessed value [land+improvements] at time of purchase, or current assessed value?)
Then under rental property assets/depreciation, do I enter the remodel costs here too? All remodel costs were prior to rental conversion date.
