You'll need to sign in or create an account to connect with an expert.
No this is not an option. The new boiler is a capital improvement and cannot be expensed, it needs to be depreciated. The cost of the boiler will be added to your adjusted cost basis for your rental property
No this is not an option. The new boiler is a capital improvement and cannot be expensed, it needs to be depreciated. The cost of the boiler will be added to your adjusted cost basis for your rental property
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
hahabaha
New Member
pmpo857685
New Member
egilmore2001
New Member
akandelman
New Member
mbandromeda
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.