
Anonymous
Not applicable
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Converting a rental property back to primary residence. What to do with expenses.
My daughter bought a house in 2013. She lived in it for a few years, married a soldier, they got transferred so she converted it to a rental property in 2017. Now she is moving back and gave the renters notice their lease wouldn't be renewed and they move out the end of August. At what point do you determine repairs etc a rental property expense versus a "you are moving back and want to fix some things"? Like painting the interior? Fixing the fence, which wasn't damaged by renters but is so rickety over the 5 years work needs to be done to it. I'm just not sure how to determine this. Thanks everybody!
Topics:
‎July 11, 2021
9:52 AM