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June 1, 2019
Question

Hello, we have a rental for the first time and are trying to figure out property improvements made? What should we include? Materials and labor costs?

  • June 1, 2019
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    1 reply

    Employee
    June 1, 2019

    Yes. Any improvement includes costs for materials and labor. You can't however, deduct for your own labor. You must have paid a third party.