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February 6, 2023
Question

Where do I record construction costs for my conversion of a garage to a bed room in my investment rental property?

  • February 6, 2023
  • 1 reply
  • 0 views
I know it goes under depreciation, but not sure which TT category?

1 reply

February 6, 2023

The remodeling of a garage into a bedroom can be categorized ad Residential Rental property to be depreciated over 27.5 years from the date the room is placed in service.

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