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Investors & landlords
Only one comment.
We also painted the entire interior of the house in preparation for renting (a $5900 expense).
That's not deductible. Maintenance and repair costs incurred to prepare the house for renting for the very first time, are just flat out not deductible. Do not confuse this with property improvements, of which painting is not.
March 1, 2022
4:56 AM
8,369 Views