☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 7, 2019 6:04:48 PM

Can i deduct remodel expenses for an apartment attached to my garage for 2017 and 2018 if i didnt start renting until 2019?.

I bought a house which has an apartment above the garage. I live in the house.  The apartment needed to be remodeled in order to be able to rent it. I started the remodel in 2017 and finished in 2018. Its now rented as of 2019. Can i deduct the 2017 and 2018 expense i incurred to remodel the kitchen, bathroom, new windows etc if i amend my returns? Rental property is not my primary business.  


0 1 864
1 Best answer
Level 15
Jun 7, 2019 6:04:50 PM

You do NOT deduct the remodel expenses ... the entire  cost is added to the property's basis and you must depreciate the asset in the year you start renting it. 

1 Replies
Level 15
Jun 7, 2019 6:04:50 PM

You do NOT deduct the remodel expenses ... the entire  cost is added to the property's basis and you must depreciate the asset in the year you start renting it.