Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
katieann373
New Member

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?

 
1 Reply
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.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.62m
Discussions

Manage cookies
v