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Investors & landlords
Yes, rental improvements should be depreciated since they improve the life of your rental over several years. Therefore, you would take a portion of the depreciation each year as you use the improvements.
Please see the link below for more details on how this process works. You will also see the steps to report this in TurboTax in the link.
Rental property capital improvements
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‎April 28, 2021
1:06 PM