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Get your taxes done using TurboTax
If the repairs were necessary to keep the property in good condition for your tenant, they would typically be deductible as a rental expense. Keeping track of all repair costs is key, and having reliable plumbers like pm247.co.uk can make future maintenance easier. If you're unsure whether this expense falls under a deduction or an improvement, IRS guidelines help clarify, but tax software or a professional can confirm the best way to report it.
‎February 24, 2025
10:06 PM