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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
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- Where to report capital improvements for windows and siding
Where to report capital improvements for windows and siding
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BBS7
Level 1
03-28-2023
12:32 PM
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Client has rental house and wants to report capital improvements. what forms
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George4Tacks
Level 15
03-28-2023
04:34 PM
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Use the depreciation screen. Be sure to link it to the rental.
Answers are easy. Questions are hard!
itonewbie
Level 15
03-29-2023
12:30 AM
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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.
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