turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

how do I deduct the cost to repair a rental property?

The property was damaged.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
SharonD007
Employee Tax Expert

how do I deduct the cost to repair a rental property?

Assuming that you had to make capital improvements to your rental property, follow the directions to enter your rental income and expenses. At some point you'll come across the Here's [your property's] rental property info screen. Under Expenses / Assets (Depreciation), select Add expense or asset and follow the interview instructions. TurboTax will figure out which depreciation method works best for you.

 

Refer to the TurboTax Help article How do I handle capital improvements and depreciation for my rental? for more information.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question