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Level 1
November 16, 2022
Question

Rental property repairs

We had a renter move out in July and spent all of August and some $7,000 getting it ready to rent again including damages to walls, doors and carpet. We kept all receipts for materials and labor. Is any of this tax deductible?

    1 reply

    DoninGA
    Level 15
    Level 15
    November 16, 2022

    The cost of the repairs to the rental property are entered as an expense on Schedule E which will reduce your net profit from the rental or cause a net loss on the rental property.