Hi,
Thanks for your feedback. I saw your previous response earlier in the thread.
I understand what you are saying. However, it appears to conflict with the TT response that says, "The improvements made in the year of the sale are not an expense although they are listed as such on the sale of the asset. This must be part of the sale and not the rental income or loss. "
I also understand that reporting the cost as a rental expense will reduce my taxable income which could result in bigger savings than reducing my capital gain. Your advice conflicts with the TT advice, correct?
