We moved and rented our previous home out last year. Can the remodeling/home improvement we did several years ago (when it was our primary residence) be treated as an assets for depreciation since it is now rented out? Or can it only treated as an addition to the cost basis when the house is sold?
If the home improvement can be depreciated for rental expenses, should I also put it into Turbo in the Rental Asset section or just leave it in the Property information section?
Thank you in advance for your help!
