You'll need to sign in or create an account to connect with an expert.
Q1) Yes, the IRS considers this all to be components of one major improvement.
Q2) Yes, you can depreciate up until the date of sale and the depreciation will be recaptured as ordinary income.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
userhilarybrittan
New Member
Eric-td
Returning Member
GottaPayMyTaxes
Level 2
ChrisDIY
Level 2
dcheng728-gmail-
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.