Capital gain/losses on a rental property - can improvements made prior to use of property as a rental be included?
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1 Best answer
MinhT
Expert Alumni
Jun 6, 2019 2:25:33 AM
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.
1 Replies
MinhT
Expert Alumni
Jun 6, 2019 2:25:33 AM
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.