- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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
‎April 8, 2025
7:23 PM