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Rental Property Repair Performed in One Tax Year but Paid in Following Year
I had to have a vendor do a repair on a rental in mid/late December; however, I was invoiced for that repair in January when it was paid. Is there any IRS guidance on which tax year it can be deducted? The only informal guidance I've received thus far is that one can deduct in either year as long as one does not deduct it twice.
Thank you.
‎January 7, 2023
7:02 PM