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Level 2
August 1, 2020
Question

Rental Property

Renovations on rental property started 2019 into 2020. 2019 no rental income. Rental property fully depreciated (bought in 1981). Sold property June 2020. How should I report renovations? And how to report sale of rental property?

    2 replies

    Level 2
    February 23, 2021

    i have owned a property for 30 years, mow spent a lot of money for solar system am

    nd multiple repairs, i now receive rent how to report all?

     

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