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Questions about my rental house - new patio and deck posts
I had two new support posts put on my deck at a total cost (materials and labor) of $1840. Is that an “improvement”? Would this fit under “Did you buy and items for any business, rental property, and/or farm that costs $2500 or less in 2019?” How do I put that in turbotax?
Also, I had a new patio installed for $2650. How do I put that in turbotax?
If this makes a difference, my answer is “no” to “The cost of all repairs, maintenance, and improvements is less than or equal to the smallest of these limits: 2% of unadjusted bias of your building or $10,000. “
Both jobs were done by the same company at the same time. Am I supposed to send them a 1099-MISC?
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February 2, 2020
8:31 AM