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Hello, we have a rental for the first time and are trying to figure out property improvements made? What should we include? Materials and labor costs?

 
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Coleen3
Intuit Alumni

Hello, we have a rental for the first time and are trying to figure out property improvements made? What should we include? Materials and labor costs?

Yes. Any improvement includes costs for materials and labor. You can't however, deduct for your own labor. You must have paid a third party.

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