It actually made pretty big difference - almost $3k difference.If I listed each improvement we did before selling as an asset (say, roof and then also appliance...
Ok, so....let's say we sold the house for 179,000. (Land portion is 23,300).You're saying I just take part of that $179 and say, "hey this was for the roof alon...
"Then finish working through the rest of the screens. On the results screen you will see your gain/loss and it will also show you that $0 (Zero) depreciation wa...
Ok, so let's say I add the roof as a new asset - and then immediately sell it. (I guess?)Roof was $7259. Placed in service 7/7/2023Sold the house 9/1/2023.TT th...
You said, "You could simply add the cost to your basis since the property has been sold." - there is no where to do that, though? There is not place adjust basi...
