Hi, my rental unit started 1/1/2021. However I purchased many appliances, carpeting, in 2020. That's what people do, they spend to improve so that it will rent! Each individual purchase was under 2500 but many of them, sometimes 20.00 only. Since these occurred in 2020 do I depreciate these? Or are they considered under "Property Improvements Made" a box is listed for entering a figure amount "Remodeling".
Is carpet or flooring, or entire new windows considered "remodeling"? How about paint? I spent about 300 on paint in 2020.
Thank you, Steven F.
