topic thanks... in Investors & landlords https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/thanks/01/179307#M7008 thanks... Sat, 01 Jun 2019 16:11:13 GMT Stinsy 2019-06-01T16:11:13Z Can i not depreciate capital improvements made last year on a rental but add to basis when i sell this year? house has been up for sale since fall last year... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/can-i-not-depreciate-capital-improvements-made-last-year-on-a-rental-but-add-to-basis-when-i-sell/01/179295#M7002 Sat, 01 Jun 2019 16:11:08 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/can-i-not-depreciate-capital-improvements-made-last-year-on-a-rental-but-add-to-basis-when-i-sell/01/179295#M7002 Stinsy 2019-06-01T16:11:08Z No, you can not depreciate capital improvements made on y... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/no-you-can-not-depreciate-capital-improvements-made-on-y/01/179296#M7003 <P>No, you can not depreciate capital improvements made on your rental.&nbsp; The amount of the capital improvements are added to the adjusted cost basis for your rental.&nbsp; When you sell the rental you will use the adjusted cost basis to calculate&nbsp;any gain or loss you may have on the sale.</P> Sat, 01 Jun 2019 16:11:08 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/no-you-can-not-depreciate-capital-improvements-made-on-y/01/179296#M7003 Leonard 2019-06-01T16:11:08Z so do i not report the capital improvements at all on my... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/so-do-i-not-report-the-capital-improvements-at-all-on-my/01/179299#M7004 so do i not report the capital improvements at all on my 2018 taxes but add them to my 2019 taxes in determining the basis of the property? Sat, 01 Jun 2019 16:11:10 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/so-do-i-not-report-the-capital-improvements-at-all-on-my/01/179299#M7004 Stinsy 2019-06-01T16:11:10Z The capital improvements are not added to your tax return... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/the-capital-improvements-are-not-added-to-your-tax-return/01/179302#M7006 The capital improvements are not added to your tax returns, they are added to your adjusted cost basis&nbsp;&nbsp;records for your property and when you sell the property then you report the adl cost basis&nbsp;&nbsp;when you input the sale information Sat, 01 Jun 2019 16:11:11 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/the-capital-improvements-are-not-added-to-your-tax-return/01/179302#M7006 Leonard 2019-06-01T16:11:11Z thanks... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/thanks/01/179307#M7008 thanks... Sat, 01 Jun 2019 16:11:13 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/thanks/01/179307#M7008 Stinsy 2019-06-01T16:11:13Z You are welcome ! https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/you-are-welcome/01/179309#M7009 You are welcome ! Sat, 01 Jun 2019 16:11:15 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/you-are-welcome/01/179309#M7009 Leonard 2019-06-01T16:11:15Z
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Can i not depreciate capital improvements made last year on a rental but add to basis when i sell this year? house has been up for sale since fall last year...
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https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/can-i-not-depreciate-capital-improvements-made-last-year-on-a-rental-but-add-to-basis-when-i-sell/01/179295#M7002
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No, you can not depreciate capital improvements made on y...
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<P>No, you can not depreciate capital improvements made on your rental.&nbsp; The amount of the capital improvements are added to the adjusted cost basis for your rental.&nbsp; When you sell the rental you will use the adjusted cost basis to calculate&nbsp;any gain or loss you may have on the sale.</P>
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so do i not report the capital improvements at all on my...
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so do i not report the capital improvements at all on my 2018 taxes but add them to my 2019 taxes in determining the basis of the property?
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<pubDate>Sat, 01 Jun 2019 16:11:10 GMT</pubDate>
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<dc:creator>Stinsy</dc:creator>
<dc:date>2019-06-01T16:11:10Z</dc:date>
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<title>
The capital improvements are not added to your tax return...
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https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/the-capital-improvements-are-not-added-to-your-tax-return/01/179302#M7006
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The capital improvements are not added to your tax returns, they are added to your adjusted cost basis&nbsp;&nbsp;records for your property and when you sell the property then you report the adl cost basis&nbsp;&nbsp;when you input the sale information
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<pubDate>Sat, 01 Jun 2019 16:11:11 GMT</pubDate>
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https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/thanks/01/179307#M7008
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<description>thanks...</description>
<pubDate>Sat, 01 Jun 2019 16:11:13 GMT</pubDate>
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<dc:creator>Stinsy</dc:creator>
<dc:date>2019-06-01T16:11:13Z</dc:date>
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<title>You are welcome !</title>
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https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/you-are-welcome/01/179309#M7009
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<description>You are welcome !</description>
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