topic Can I deduct repair expenses on a property I inherited from my parents when they passed away when converting it to a rental with no renters in it this year? in Investors & landlords https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/can-i-deduct-repair-expenses-on-a-property-i-inherited-from-my-parents-when-they-passed-away-when/01/492387#M20694 <P>The repairs made were from decomposition and were unsafe to occupy</P> Wed, 05 Jun 2019 01:22:58 GMT Vchaffeegu3 2019-06-05T01:22:58Z Can I deduct repair expenses on a property I inherited from my parents when they passed away when converting it to a rental with no renters in it this year? https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/can-i-deduct-repair-expenses-on-a-property-i-inherited-from-my-parents-when-they-passed-away-when/01/492387#M20694 <P>The repairs made were from decomposition and were unsafe to occupy</P> Wed, 05 Jun 2019 01:22:58 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/can-i-deduct-repair-expenses-on-a-property-i-inherited-from-my-parents-when-they-passed-away-when/01/492387#M20694 Vchaffeegu3 2019-06-05T01:22:58Z Due to not actively trying to rent the property you will... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/due-to-not-actively-trying-to-rent-the-property-you-will/01/492395#M20695 <P>Due to not actively trying to rent the property you will have to capitalize those repairs and take depreciation on them once the rental is available to be rented. <BR /></P><P>It sounds like the repairs were needed and were extensive, so just keep all the costs and in 2019 the repairs will be listed as an asset and depreciation can be taken on them. <BR /></P> Wed, 05 Jun 2019 01:22:59 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/due-to-not-actively-trying-to-rent-the-property-you-will/01/492395#M20695 MichaelL1 2019-06-05T01:22:59Z