Depreciation of Capital improvements that add to the value of your rental property, prolong its life, or adapt it to new uses begins when the asset is available for its intended use.
To enter your 2022 rental improvements, simply follow the directions to enter your rental income and expenses. At some point you'll come across the Rental Summary screen. Select Start next to Asset/Depreciation and follow the onscreen instructions. We'll figure out which depreciation method works best in your favor.
You will do the same for 2023 capital improvements.
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