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Question

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

Forum|Forum|7 years ago
June 6, 2019
1 reply
27 views

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TurboTax Premier Online

Level 15

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

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