Had hail storm which made us replace siding and shingles. Can I include that in the cost of the rental?
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Yes. All those costs can be added to the basis (the cost) of the rental property. This will reduce any gain when you sell the house down the road
[If you're referring to the amount of rent you charge, it will all depend on the rental market.]Yes. All those costs can be added to the basis (the cost) of the rental property. This will reduce any gain when you sell the house down the road
[If you're referring to the amount of rent you charge, it will all depend on the rental market.]Still have questions?
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