I sold a rental property in 2019 (april). I renovated and spent about $20,000 on improvements such as new kitchen cabinets/granite counters, new flooring and carpet in entire house, new garage doors and openers, new interior doors. Since these were done Jan- March 2019, they were obviously never depreciated. Do I have to list each one in the asset/depreciation area. Im not seeing anywhere to just add it to my cost basis now that I sold the property. Since there not really repairs (except maybe painting) where do I put the cost of these improvements ?
Steve
