Solved: When I sell a rental property, can I use any major improvement (new windows, electric update)for assets, over the years I owned the property (1987) or just in 2016.
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When I sell a rental property, can I use any major improvement (new windows, electric update)for assets, over the years I owned the property (1987) or just in 2016.

 
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Level 15

When I sell a rental property, can I use any major improvement (new windows, electric update)for assets, over the years I owned the property (1987) or just in 2016.

Major improvements on a rental should be capitalized when made and then depreciation taken each year. 

They impact each year, and also when the property is sold. 

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Level 15

When I sell a rental property, can I use any major improvement (new windows, electric update)for assets, over the years I owned the property (1987) or just in 2016.

Major improvements on a rental should be capitalized when made and then depreciation taken each year. 

They impact each year, and also when the property is sold. 

View solution in original post

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