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Investors & landlords
I went and edited on the depreciated tab and add an asset (which is my remodeling cost?) . Am I doing it right? I entered the cost of $15000 and the land value is 0 and date of purchase should be my remodeling completion date? (11-01-2021)?
I entered another item for driveway paving and chose the land improvement and it allowed a special one-time depreciation of $7000. I am in CA.
This is my first time doing this with Turbo tax and I could not ask any live person to show me what to do.
March 26, 2022
7:02 PM