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Investors & landlords
You need to add the cost of improvements to the original purchase price. If these improvements are depreciable assets you need add these to the as part of selling the property. If the improvements are not part of your depreciable assets then you need to add the information to your basis in the house.The program does not have the information to do this for you.
Tips on Rental Real Estate Income, Deductions and Recordkeeping
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March 23, 2020
8:32 AM
3,095 Views