You'll need to sign in or create an account to connect with an expert.
Date placed in service means date available for use. These replacements, though, would not be entered as assets with a placed in service date if you were not actively trying to rent the house at that point. Rather, they could be taken as expenses of sale if you replaced them to improve the sale value of the house.
Date placed in service means date available for use. These replacements, though, would not be entered as assets with a placed in service date if you were not actively trying to rent the house at that point. Rather, they could be taken as expenses of sale if you replaced them to improve the sale value of the house.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Dawn20
Level 2
Opus 17
Level 15
prherr
Level 2
katvaz1
Level 2
danny9kim
New Member