RobertG
Expert Alumni

Investors & landlords

Your remodel is a capital expense that should be depreciated.

 

Since much of the cost was structural, you should include all expenses and depreciate it as a single improvement.

 

The un-depreciated portion will be added to your basis when you report the sale.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post