I purchased tools to repair and improve my rental property, are they deductible?

sand555 · ‎June 4, 2019

KatrinaB · ‎June 4, 2019

Yes. You can deduct maintenance repairs and related supplies (tools). Please view the TurboTax FAQ below for more information.

The repair itself may need to be capitalized if it was a major one. Please view the TurboTax link below for more information.

KatrinaB · ‎June 4, 2019

Yes. You can deduct maintenance repairs and related supplies (tools). Please view the TurboTax FAQ below for more information.

The repair itself may need to be capitalized if it was a major one. Please view the TurboTax link below for more information.

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