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Returning Member
posted Jun 4, 2019 5:24:09 PM

Can I take improvements to Rental Property? Tenant paid thru May 31. Moved out 5/25 and had flooring installed on 5/30. Moved in as primary residence on 6/4.

Ordered the flooring May 1, knowing that I would be moving into the house in June and converting to my primary residence.  Tenant left early, but paid through the end of the month. Can I take the cost of the flooring as a rental deduction or do I hold it until I sell the house?

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1 Best answer
Intuit Alumni
Jun 4, 2019 5:24:10 PM

No - You cannot take the flooring as a rental expense since you were not keeping the house as a rental.  You can, however, add it to the basis of the property to help reduce capital gain if you sell the house in the future.

1 Replies
Intuit Alumni
Jun 4, 2019 5:24:10 PM

No - You cannot take the flooring as a rental expense since you were not keeping the house as a rental.  You can, however, add it to the basis of the property to help reduce capital gain if you sell the house in the future.