Rental sale Improvements

[santino250]

Hello,

Prior to the sale of my rental property, I had to do many improvements.  New floors, new bathroom, ect.

I have read other articles and I am lost at what to do..  How does the improvements come off the value of the property?  Do I list them under the same rental sale information, under sales expenses ?  or do I have to enter them as their own asset for depreciation even though they were sold with rental?

[Anonymous_]

---

@santino250 wrote:

....do I have to enter them as their own asset for depreciation even though they were sold with rental?

---

You add the cost of the improvements to your basis in the property and they are "sold" with the rental.

[GeorgeDenseff]

You don't enter them on your tax return.  You keep documentation of the cost with your other tax records.  All you enter into TurboTax is the home basis that you compute outside of TurboTax.