- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Rental Property Doing Work Before Renting
I bought a Rental Property in November 2021. Before the tenant moved in I did repairs, installed new flooring and bought a new washer and dryer. She did not start paying rent until January 1st 2022.
Can I deduct the repairs and treat the flooring as capital expenses? If so what year? If not do I increase the cost basis of the house?
Topics:
‎January 28, 2022
1:25 PM