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Investors & landlords
where do I put the cost of these improvements ?
You still enter them in the assets/depreciation section. The in-service date will be the closing date of the sale, and the business use percentage will be zero percent. If the program "insist" on a digit above zero percent, then enter 1% and press on. If any depreciation is taken, it won't be more than a few bucks and will have no impact on your tax liability.
‎January 27, 2020
6:06 PM