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I added a room on my rental property. 25k was paid to contractor in 2018 and the other half in 2019. room was done in 2019. should i enter the whole improvement in 2019?

should i do half improvement in 2018 and wait until 2019 to do the other half?
when do i start depreciation since room was not finished in 2018?

Best answer by TaxGuyBill

It all starts on the 2019 tax return, nothing goes on the 2018 tax return.

Depreciation starts when it was "placed in service", which is 2019.

Employee

It all starts on the 2019 tax return, nothing goes on the 2018 tax return.

Depreciation starts when it was "placed in service", which is 2019.

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