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.
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.
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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