imadns
New Member

Made renovation to rental property. Kitchen, tile, appliances and furniture. Total cost around 73000. How do I report this and what form do I use. Using TT premiere

Made major renovation on a rental property that I rent short term as frequently as possible and use it personally for 3-5 weeks per year.

Made renovation to kitchen, changed all appliances, changed tile and painted along with electric work. Changed furniture. Total cost of $73000. What form do I need to enter this info, and under what heading should I enter it, and is there different depreciation schedules furniture versus renovation

Thanks