RobertB4444
Expert Alumni

Investors & landlords

If what renovations you did count as repairs and maintenance on the house (just getting it all back in shape) then it is 100% deductible this year.

 

If what you did qualifies as improvements - changing things to make them better - then it needs to be deducted or depreciated over time.

 

Here is a link to the IRS guidance about rental real estate.

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