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$15,000 rental house renovation: one time expense ? or over years depreciation ?

I spent $15,000 renovating my rental property in 2024 (LVP flooring installation, two bathroom renovations, hot water heater install, repiping the entire water pipes) after the previous tenant moved out (before finding a new tenant). Can I report the $15,000 as a one-time rental expense, or do I have to depreciate it over the years? If the latter, which category should I choose to depreciate this renovation?

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1 Reply
rjs
Level 15
Level 15

$15,000 rental house renovation: one time expense ? or over years depreciation ?

Duplicate question. Please post your question only once. See the reply to your other post of the same question.

 

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