- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Any improvements that cost more than $2,500 and add to the value of the property or significantly increase its life are required to be capitalized (treated as assets) and depreciated.
You are able to expense any improvements that cost $2,500 or less.
TurboTax will walk you through adding any assets that you are required to capitalize and help you select the most appropriate useful lives and depreciation methods.
May 31, 2019
11:32 PM