turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

bozzz76
New Member

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.

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

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

1 Reply

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. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies