topic Can I enter rental property improvements from several years ago (2012) ? Obviously, I have not taken depreciation for these. Any tips on entering them ? Thanks ! in Investors & landlords

Can I enter rental property improvements from several years ago (2012) ? Obviously, I have not taken depreciation for these. Any tips on entering them ? Thanks !

Louise-Hamlin — Wed, 05 Jun 2019 18:57:13 GMT

Cost of improvements are added to your basis ( adjusted...

pk — Wed, 05 Jun 2019 18:57:14 GMT

Cost of improvements are added to your basis ( adjusted basis ) and allowable depreciation whether taken or not adjusts basis. You can enter the improvements as asset(s) and the first service date in 2012. TurboTax will compute the depreciation and you can move on from there . Good Luck

Thanks !

louise — Wed, 05 Jun 2019 18:57:15 GMT

Thanks !