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When I sell a rental property, can I accelerate refinancing fees and improvement depreciation, like a new roof? Do those go under depreciation?
Purchased a property in 2013, replaced the roof in 2014, refinanced in 2014, sold it in 2017. I have two major items of depreciation, the refinancing fees and the remainder of the roof, that I have not claimed. Can I accelerate those depreciations since it was sold? Do I just put the remainder in the depreciation section? Turbotax only seems to be claiming 1 years worth of depreciation of these fees, despite me telling it the property has been sold.
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‎June 6, 2019
7:39 AM