TC78
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Yes, but my question is about entering the expenses for depreciation. If the renovation took several months, can I lump all the 40 or so receipts together and j...
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Whoops! Mental lapse, there. The property was put into service in February of 2023, not 2024. The renovations took place from mid 2022 to early 2023.
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We did renovations to a condo before putting it into service in February 2024. When I go to enter the value (after specifying "Appliances, carpet, furniture") i...
Activity Feed for TC78
- Posted Re: Rental Property Renovation Depreciation on Get your taxes done using TurboTax. March 15, 2024 10:05 AM
- Posted Re: Rental Property Renovation Depreciation on Get your taxes done using TurboTax. March 12, 2024 11:37 AM
- Posted Re: Rental Property Renovation Depreciation on Get your taxes done using TurboTax. March 12, 2024 9:38 AM