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Updated almost 7 years ago,
Tax Question regarding went to file
Tax day is upon me and I'm the idiot who who is waiting to the last minute to file the return, should of had a CPA ..My question is that I did a rehab and repair in the tax year 2016 but wasn't completed until the year 2017 and the property rented out in the year 2017, should I have entered the cost of the rehab/repair cost in the year 2016 tax return or should I have done the portion of the house that was done in 2016 against the 2016 tax basis?