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linda9
New Member

Do the rental property improvements expensing rules limits apply to the total spent on the property or just the portion I spent as a 50% owner?

The rules for expensing improvements on a rental property say the total spent on improvements and maintenance for the year can't be more than $10,000.  But I only own 50% of the property and only pay 50% of those costs.  So if 50% of the total spent on the property is less than $10,000 would I qualify to expense the 50% of the improvements even though the TOTAL spent is more than $10,000?

3 Replies
Anita01
New Member

Do the rental property improvements expensing rules limits apply to the total spent on the property or just the portion I spent as a 50% owner?

No, you would be limited to 50% of the total cost.

linda9
New Member

Do the rental property improvements expensing rules limits apply to the total spent on the property or just the portion I spent as a 50% owner?

this answer is confusing, so I CAN deduct my 50% of the improvement cost?
Anita01
New Member

Do the rental property improvements expensing rules limits apply to the total spent on the property or just the portion I spent as a 50% owner?

If the total spent is $9500, the portion you cculd expense ifs half, or $4750.
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