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MGC94
MGC94
Level 7
March 10, 2023
Question

Airbnb / main home

  • March 10, 2023
  • 3 replies
  • 20 views

Taxpayer did $50K in improvements before rental in august, sept, oct. 

Is there anything they can be written off/depreciated. 

This topic has been closed for replies.

3 replies

sjrcpa
sjrcpa
Level 15
March 10, 2023

Keep it on one thread.

https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/rental/00/252279

The more I know the more I don’t know.
    rbynaker
    rbynaker
    Level 13
    March 10, 2023

    If we're cross-referencing then I suspect most of the facts are actually posted here:

    https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/airbnb-main-home/00/251211

     

      sjrcpa
      sjrcpa
      Level 15
      March 10, 2023

      I missed that one Rick.

      The more I know the more I don’t know.
      qbteachmt
      qbteachmt
      Level 15
      March 10, 2023

      I flagged this as a Triplicate to be deleted, since answers are being provided elsewhere.

      Don't yell at us; we're volunteers
        T
        TaxGuyBill
        Level 15
        March 10, 2023

        Improvements before it was available to rent are added to the depreciable Basis of the property.

          MGC94
          MGC94Author
          Level 7
          March 10, 2023

          Thank you 

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