nhmrmfl
Level 1

Investors & landlords

Thank you for your replies.  It is correct that we are majorly improving the property.  Not only repairing hurricane damage but since the property is almost 40 years old we are doing renovations at the same time.  We received insurance money and my intent is to capitalize as an improvement any costs in excess of insurance received.  I was basically making sure I could deduct utilities, insurance and depreciation during 2019 while we were unable to rent th property.  Thank you.

Privacy Settings