Michael_NC
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Yes, I was still thinking of the refrigerator as an asset and not an expense that I had already deducted as you clearly explained.Thank you for the guidance!
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Hi Diane,In John's situation, you indicate needs to treat his $120K improvements as a selling expense.Assume that the $120K improvement were all made to the bui...
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In my case, I acquired/put into service both the HVAC and Windows in Feb 2022 and sold them in Jun 2022. So, you confirmation about not needing to define additi...
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Hi Carl,Thank for your detailed example as it was very helpful. In reviewing it, I did have the following questions:1) How did you compute the Sale Prices for e...
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Thanks for confirming
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