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Anne
Anne, Master Tax Preparer
Category: Tax
Satisfied Customers: 2421
Experience:  Enrolled Agent with 25 Years Experience specializing Individual and Small Businesses
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Manual taxes on a newly purchased rental property

Customer Question

manual for filing taxes on a newly purchased rental property
Submitted: 1 year ago.
Category: Tax
Customer: replied 1 year ago.
Changed my mind, sorry. No longer interested in a questions
Expert:  Anne replied 1 year ago.

Hi

I'm Anne. I've been preparing taxes for 27 years and I'll be happy to help you.

The manual you are looking for is below: (IRS Pub 527 Residential Rental Property)

https://www.irs.gov/pub/irs-pdf/p527.pdf

The answer to the specific question re: restoration/remodeling expenses is that these expenses is that these expenses are added to the cost basis and is then depreciated once the house is "rent ready".

If you have further questions, please post them here & I'll be notified.

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