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Where do I enter improvements to a rental property that was sold?
I purchased a townhome in 2014 which was rented till May 2019 and sold in June 2019. Between May and June, I did several repairs, replaced ceiling fans and window treatments as well as other items. I am still confused on where I should be entering these costs. Should each be considered an asset and then identified as "disposed" of when I sold the unit? I am hoping that I am inputting my figures in error as my capital gains tax is through the roof.
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‎February 5, 2020
10:55 PM