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February 17, 2025
Question

Should my rental property improvements show up in an expense/asset line item under Assets in my rental property info tab?

  • February 17, 2025
  • 1 reply
  • 0 views
There seems to be a glitch with the rental property info page in Wages & Income. I have added the improvements and if I choose "add expense or asset" I can go through the menus and all the appropriate info is there, but it does not have a line item in the property info under assets.

    1 reply

    PatriciaV
    Employee
    February 17, 2025

    Please clarify if you are reporting these improvements as assets for depreciation or an expense under the Safe Harbor Election for Small Taxpayers?

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