Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

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

cancel
Showing results for 
Search instead for 
Did you mean: 
Grant1
New Member

I have a tax question. I replaced the carpets in a rental property. Can I write this off as a maintenance expense?

 
1 Reply
TomK
Expert Alumni

I have a tax question. I replaced the carpets in a rental property. Can I write this off as a maintenance expense?

No.  You must capitalize any expense you pay to improve your rental property.  An expense is for an improvement if it results in a betterment to your property, restores your property, or adapts your property to a new or different use.

Carpet replacement is considered an improvement, and is depreciated over a 5-year period (9 years under the alternative system).

For more information -  IRS Pub. 527 - Residential Rental Property: https://www.irs.gov/pub/irs-pdf/p527.pdf

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.62m
Discussions

Manage cookies
v