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In this case, can I deduct expenses of renovations and maintenance/repairs on the rental property?
After 2 years of renting our property, due to some damages of a tenant, in the last 3 months of 2021, we made some renovations and maintenance/repairs work (works done personally and by contractors) while we were living there. We will rent our house again in March or April in 2022 when the work is finished.
I rented out my house which I originally purchased as my primary residence. But, in 2021, for 5 months, I lived in a different state and changed temporarily my primary address to that state.
In this situation, can I deduct the expenses of renovation and maintenance as an expense of the rental property in the 2021 tax file?
‎February 22, 2022
12:33 PM