topic Purchased rental property in 2012. Added new roof 3/2016. Tenant moved out in Apr and I sold property in Jul. Do I add the roof as an asset that depreciates for 4 month than sold for $0.0? in Investors & landlords https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/purchased-rental-property-in-2012-added-new-roof-3-2016-tenant-moved-out-in-apr-and-i-sold-property/01/383020#M15407 Tue, 04 Jun 2019 01:52:08 GMT Mark-001 2019-06-04T01:52:08Z Purchased rental property in 2012. Added new roof 3/2016. Tenant moved out in Apr and I sold property in Jul. Do I add the roof as an asset that depreciates for 4 month than sold for $0.0? https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/purchased-rental-property-in-2012-added-new-roof-3-2016-tenant-moved-out-in-apr-and-i-sold-property/01/383020#M15407 Tue, 04 Jun 2019 01:52:08 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/purchased-rental-property-in-2012-added-new-roof-3-2016-tenant-moved-out-in-apr-and-i-sold-property/01/383020#M15407 Mark-001 2019-06-04T01:52:08Z No, you can add the cost of the roof to your basis in the... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/no-you-can-add-the-cost-of-the-roof-to-your-basis-in-the/01/383021#M15408 <P>No, you can add the cost of the roof to your basis in the property or as a Selling Expense when you report the sale.</P><P>You receive no depreciation for an asset that is purchased and sold in the same tax year.</P> Tue, 04 Jun 2019 01:52:10 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/no-you-can-add-the-cost-of-the-roof-to-your-basis-in-the/01/383021#M15408 PatriciaV 2019-06-04T01:52:10Z