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What happens when a partially depreciated bathroom remodel is replaced entirely
In a rental apartment which has an existing bathroom remodel that is partially depreciated, what happens regarding depreciation if a new remodel is performed (an improvement, not a repair) that entirely replaces the old remodel on the same bathroom?
Also, how is the new remodel entered into TurboTax if the old remodel is being tracked as a Rental Real Estate Property asset?
March 2, 2022
2:34 AM