Taxmenv
New Member

How to calculate undepreciated improvements at sell?

I put new carpet in a rental in 2018. I'm thinking to include as an asset in TT (extended return) so it would depreciate because I already running a loss for that property. I ended up selling that property for a gain in 2019. So, I was thinking to carry over the remaining depreciation to use against my capitol gains. Since I am working with an extended return, I figure I should think ahead to 2019. But I'm not sure how that works or if I can. Will I lose the remaining $1500 investment? Or is there a way to capture it in the gains? I also have a kitchen remodel from a previous year which has not fully depreciated.