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Rental expense deductions
This is a two part question;
1) We live in a federal declared disaster area (Dallas) due to the freeze in January 2021.
We own two rental houses that sustained major freeze damage to the pool equipment that cost approximately $10,000 each to repair.
Do I list these expenses on Schedule E as a repair expense, or somewhere else?
2) One of the rental houses central air conditioning unit went out and required replacement.
Do I list these expenses on Schedule E as a repair expense, or somewhere else?
‎December 22, 2021
9:56 AM