rental renovation

Forum|Forum|6 years ago
April 10, 2020
10 replies
44 views

after inputting rental renovation in turbo tax what form should i see it appear on? "in forms" if I did it right

ColeenD3

Level 15

If you are depreciating an asset placed in service in 2019, you would see evidence of it on Form 4562 and your depreciation worksheet.

@V-Coach

V-CoachAuthor

Level 2

i renovated so i could sell the property. So on turbo tax i selected claim the full amount this year ($21k)

I also selected in rental main info that it property was sold/disposed of.

I went through the whole rental section but nothing asking for any purchase and sale prices and costs.

Do you know where that section is?

DeanM15

Level 10

After you make the selection in the Property Profile section, you would then go onto questions in the Asset/Depreciation section about the sale.

The Asset/Depreciation is where you would enter the sales price and expenses of the sale. You would enter the improvements depreciation section for the home.

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rental renovation

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