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Level 1
March 28, 2023
Question

Where to report capital improvements for windows and siding

  • March 28, 2023
  • 2 replies
  • 15 views
Client has rental house and wants to report capital improvements.  what forms
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2 replies

George4Tacks
Level 15
March 28, 2023

Use the depreciation screen. Be sure to link it to the rental.

Answers are easy. Questions are hard!
itonewbie
Level 15
March 29, 2023

As George says unless your client qualifies for and elects de minimis safe harbor, in which case, you will report that on Sch E and check the box under Other > Elections to print the statement.

---------------------------------------------------------------------------------Still an AllStar