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June 17, 2024
Question

If you repair or improve your rental right before you sell it in the same year where to enter the cost to lower capital gain?

  • June 17, 2024
  • 1 reply
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If you repair or improve your rental property and sold it in the same year,

should the expenses be added to “Costs or other basis plus expenses of sale” form 4797 in Turbo Tax, Or where?

    1 reply

    Employee
    June 18, 2024

    In the Rentals section of the program. Enter as an asset if an improvement or an expense if a repair.