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Rental Property Popcorn Ceiling Removal

I didn't need to, but elected to replace my popcorn ceilings in my rental with new knock-down texture. Is this a repair, maintenance, or capital expense?

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TomK2023
Expert Alumni

Rental Property Popcorn Ceiling Removal

This is an improvement to your property that should be depreciated (27.5 years).

 

"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. Table 1-1 shows examples of many improvements."

 

IRS Pub.527 - Residential Rental Property (pages 7-8)

 

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1 Reply
TomK2023
Expert Alumni

Rental Property Popcorn Ceiling Removal

This is an improvement to your property that should be depreciated (27.5 years).

 

"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. Table 1-1 shows examples of many improvements."

 

IRS Pub.527 - Residential Rental Property (pages 7-8)

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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