Capital gain/losses on a rental property - can improvements made prior to use of property as a rental be included?

bevvy50 · ‎June 6, 2019

MinhT · ‎June 6, 2019

Yes, improvements made prior to the use of the property as a rental are added to the cost basis of your property in the calculation of capital gain/loss on the property.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

MinhT · ‎June 6, 2019

Yes, improvements made prior to the use of the property as a rental are added to the cost basis of your property in the calculation of capital gain/loss on the property.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Expert does your taxes

Do it yourself

Resources

Support

Capital gain/losses on a rental property - can improvements made prior to use of property as a rental be included?