IreneS
Intuit Alumni

Investors & landlords

Think of the building as two separate properties--a rental property and your personal residence. 

You should capitalize 50% of the gutters and electric upgrade since that belongs to the rental property.  You can add them as separate assets in TurboTax to track the depreciation.

The other 50% of the expense is added to the basis of your personal residence to minimize any gain when you go to sell.

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