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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.  


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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.