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Investors & landlords
Since you sold the property in 2020 the improvements/repairs are simply entered on the Sch E as repairs. You do not set it up in the asset section since they were placed into service and taken out of service in the same tax year. Talk to the LIVE expert you are using and they can explain this concept to you better.
‎July 19, 2022
8:21 AM
1,202 Views