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Investors & landlords
Thank you but there is a difference between fix up expenses and capital improvements. These were capital improvements which can and should be used against the basis. I am not sure why everyone is so fixated on expensing capital improvements, especially when the improvements were made when the property was my personal property - it was not generating rental income. In addition, I am not looking to depreciate these improvements since they were not incurred while I was generating rental income. Thank you everyone!
‎February 12, 2021
4:42 PM