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Investors & landlords
No, there is no reason to modify the business use percentage or take it out of service if you temporarily had repairs. If it was available for rent and will be in 2025, then you should report the income and expenses as usual.
The fact that you have days of rental activity of 335 would indicate it wasn't really removed from service in 2024, and you already indicated there is no and will be no personal use. IRS Publication 527 (page 9).
- Idle Property Continue to claim a deduction for depreciation on property used in your rental activity even if it is temporarily idle (not in use). For example, if you must make repairs after a tenant moves out, you still depreciate the rental property during the time it isn’t available for rent.
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April 9, 2025
12:41 PM