Jerrylm
Returning Member

Investors & landlords

Hi, thanks for the reply.  So are we just out of luck on any improvements or repairs prior to rental availability?  That just sounds odd, I mean how many rental properties are ready for rent without having had work done prior to that time?  Or, is the tax year the main problem, since some of our expenses will be in a prior year?  Related to that, what about the new roof we had done in November 2020?  Will be handled through depreciation in Turbo Tax?  Or is that even considered an expense since it was prior to rental availability?  Do we really need to wait until the rental season to make any repairs or improvements?   We want the house to be ready for the rental season, not needing work. 

 

Thanks again,

Jerry