Investors & landlords

Ok, here we go....

Box is checkedRenter passed awayOnly usMore Only usLots of work done to fix and upgrade to selI think I know what I am doingNothing SpecialReady to go to Sale of Property/Depreciation

Let's ignore Expenses for the moment. I'm ready to continue, but first a question.

All the work I did on the house was to clean up, modernize and repair damage done to the property. I can not understand why it needs to be listed as an asset since It was never depreciated. The only two items I have for depreciation are the loan origination fee and the house, not the land.

Ok so far?