SabrinaD2
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Get your taxes done using TurboTax

Yes, repairs made to a rental property can be tax deductible. Here are the key points:

 

Repairs vs. Improvements: Repairs that maintain the property in its current condition, such as fixing leaks or replacing a broken A/C unit, are generally deductible as expenses. Improvements that add value or extend the property's life, like installing a new A/C unit, are considered capital expenditures and must be depreciated over time

 

Use the steps here to enter rental income and expenses on Schedule E (Form 1040).

 

For more detailed information, you can refer to the TurboTax's guide on rental property deduction