I have a rental property. We had a roof damage due to hail storm. We replaced the roof with $2500 deductible through insurance. Will I be able to claim the deducible as an expense towards the rental property? If yes, how to enter the expenses in turbotax.
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Yes, you can claim the deductible as a repairs expense. Enter the amount of $2,500 under Repairs.
Yes, you can claim the deductible as a repairs expense. Enter the amount of $2,500 under Repairs.
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