Airbnb / main home

MGC94 · ‎03-10-2023

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

Is there anything they can be written off/depreciated.

sjrcpa · ‎03-10-2023

Keep it on one thread.

The more I know, the more I don't know.

rbynaker · ‎03-10-2023

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

qbteachmt · ‎03-10-2023

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

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TaxGuyBill · ‎03-10-2023

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

sjrcpa · ‎03-10-2023

I missed that one Rick.

The more I know, the more I don't know.

MGC94 · ‎03-10-2023

Thank you