Thank you for that advice, I will try your suggestion to start with fresh depreciation details. Yes, nothing else will change if I ammend 2023 and Turbo Tax cal...
Hello and thank you.Actually, since you only depreciate the structure and not the land, my basis is structure + closing costs. I calculated it will be lower by ...
Thanks Diane for the super quick response. The home was available for rent before the rennovations but it did not get rented until 3 months after due to slow re...
Thank you for the reply. I do not want passive losses from one property to offset potential passive gains on the other property. This way, if I sell one of the ...
