I have rental that I made some improvements like changed my garage into a room and added a shower to an existing bathroom. Where does this get filed on the schedule C?
I have rental that I made some improvements like changed my garage into a room and added a shower to an existing bathroom. Where does this get filed on the schedule C?
Unless you provide services such as a motel or B&B would, rental expenses are entered on Schedule E.
You would be depreciated the improvement over 27.5 years. It is entered as another asset.