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expenses on rental/ personal use property
our rental was only rented for about 3 months last year and the only income was the security deposit. we had considerable repairs when the renter moved out as well as made some upgrades. in June , a relative began
using the property. can I deduct those repairs and upgrades to offset the security deposit? if so, where do I enter this as Turbo Tax is prorating the insurance and taxes based on personal use/rental days.
March 31, 2025
10:09 AM