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New Member
posted Jun 3, 2019 5:13:57 PM

We sold a rental property in 2018. Where do we enter property improvements not expensed in rental income?

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1 Best answer
Expert Alumni
Jun 3, 2019 5:13:59 PM

Property improvements are added to the cost basis of your home. This would help reduce any capital gain you may have on the sale of the home.

1 Replies
Expert Alumni
Jun 3, 2019 5:13:59 PM

Property improvements are added to the cost basis of your home. This would help reduce any capital gain you may have on the sale of the home.