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Level 2
August 1, 2020
Question

Rental Property

  • August 1, 2020
  • 2 replies
  • 21 views

Renovations on rental property started 2019 into 2020. 2019 no rental income. Rental property fully depreciated (bought in 1981). Sold property June 2020. How should I report renovations? And how to report sale of rental property?

    2 replies

    Level 2
    February 23, 2021

    i have owned a property for 30 years, mow spent a lot of money for solar system am

    nd multiple repairs, i now receive rent how to report all?

     

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