daweigedavid
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Hi folks,I actually purchased the TurboTax Live and talked to 2 CPAs from TT. They said as long as the expense is prior to property being listed on the market, ...
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Very interesting. For a remodeling project, electricity, water, and gas (so that stuff won't freeze during winter) are definitely needed as part of the improvem...
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Thank you so much. One more last question, what about utilities while the rental property is vacant and up for sale? Of course this cannot be in Schedule E eith...
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Thank you. Just making sure I am understanding it right, since significant work was done between the last day of tenant move out and the final sale, I could con...
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@Anonymous_Thank you for your reply.Would I be able put the repair expense as part of the selling expense in my 2024 return (when the property was sold)?I am as...
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- Got Cheered for Should I expense or depreciate a tool that was purchased and used for repair (let's say a drill)?. April 11, 2024 1:31 PM
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- Posted Can I claim bonus depreciation on floating luxury vinyl plank? on Get your taxes done using TurboTax. September 25, 2022 12:43 AM
- Posted Re: Should I expense or depreciate a tool that was purchased and used for repair (let's say a drill)? on Get your taxes done using TurboTax. September 19, 2022 7:56 AM
- Posted Re: Should I expense or depreciate a tool that was purchased and used for repair (let's say a drill)? on Get your taxes done using TurboTax. September 19, 2022 7:24 AM
- Posted Should I expense or depreciate a tool that was purchased and used for repair (let's say a drill)? on Get your taxes done using TurboTax. September 18, 2022 8:58 PM
- Posted Re: How to report income from lending hard money to flip house? on Get your taxes done using TurboTax. June 30, 2020 4:54 AM