You'll need to sign in or create an account to connect with an expert.
You can include painting in rental expenses, but the carpet and fixtures have to be added to TurboTax as an asset called Improvements. This will add to your cost basis of the rental property. Since you sold it this year, it will have the same affect as an expense. It will decrease the gain (or increase the loss) on the sale of your property.
TurboTax will walk you through the entering of the asset.
To enter the asset:
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
jcsmile312
New Member
winterstorm2018
New Member
jkpruitt-0332
New Member
Gemani
New Member
Gemani
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.