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I am filling in my rental property expenses. I used a credit card for construction to the property. Do I claim the total expense to the credit card or the monthly payments to the credit card?

 
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Coleen3
Intuit Alumni

I am filling in my rental property expenses. I used a credit card for construction to the property. Do I claim the total expense to the credit card or the monthly payments to the credit card?

You would take the total expense to the credit card. It is considered paid at that time even though the credit card itself is not paid.

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Coleen3
Intuit Alumni

I am filling in my rental property expenses. I used a credit card for construction to the property. Do I claim the total expense to the credit card or the monthly payments to the credit card?

You would take the total expense to the credit card. It is considered paid at that time even though the credit card itself is not paid.

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