topic How do I deduct inspection cost for my rental property? Where should I enter in turbo tax? I bought the property in 2017 in Investors & landlords https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-do-i-deduct-inspection-cost-for-my-rental-property-where-should-i-enter-in-turbo-tax-i-bought/01/721920#M32090 Thu, 06 Jun 2019 15:10:49 GMT tianwaifeixian 2019-06-06T15:10:49Z How do I deduct inspection cost for my rental property? Where should I enter in turbo tax? I bought the property in 2017 https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-do-i-deduct-inspection-cost-for-my-rental-property-where-should-i-enter-in-turbo-tax-i-bought/01/721920#M32090 Thu, 06 Jun 2019 15:10:49 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-do-i-deduct-inspection-cost-for-my-rental-property-where-should-i-enter-in-turbo-tax-i-bought/01/721920#M32090 tianwaifeixian 2019-06-06T15:10:49Z If the inspection cost is incurred to get the property re... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/if-the-inspection-cost-is-incurred-to-get-the-property-re/01/721924#M32091 <P>If the inspection cost is incurred to get the property ready for rental, it is not deductible as a rental expense.</P><P>If the inspection is incurred while the property was already on the rental market, it is deductible as a rental expense (under Professional Fees).<BR /></P> Thu, 06 Jun 2019 15:10:51 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/if-the-inspection-cost-is-incurred-to-get-the-property-re/01/721924#M32091 MinhT 2019-06-06T15:10:51Z It was the inspection for purchasing the property. Can I... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/it-was-the-inspection-for-purchasing-the-property-can-i/01/721930#M32092 It was the inspection for purchasing the property. Can I enter as the depreciation? Thu, 06 Jun 2019 15:10:52 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/it-was-the-inspection-for-purchasing-the-property-can-i/01/721930#M32092 tianwaifeixian 2019-06-06T15:10:52Z You add this cost to the cost basis of your property to b... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/you-add-this-cost-to-the-cost-basis-of-your-property-to-b/01/721937#M32093 You add this cost to the cost basis of your property to be depreciated. Thu, 06 Jun 2019 15:10:54 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/you-add-this-cost-to-the-cost-basis-of-your-property-to-b/01/721937#M32093 MinhT 2019-06-06T15:10:54Z where does this cost and others get entered in TurboTax H... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/where-does-this-cost-and-others-get-entered-in-turbotax-h/01/721944#M32095 where does this cost and others get entered in TurboTax Home &amp; Business, along with rental home search expenses Thu, 06 Jun 2019 15:10:54 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/where-does-this-cost-and-others-get-entered-in-turbotax-h/01/721944#M32095 aubreytaxes00 2019-06-06T15:10:54Z Re: where does this cost and others get entered in TurboTax H... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-where-does-this-cost-and-others-get-entered-in-turbotax-h/01/2396931#M78282 <P>I think it goes to "Any other adjustments?", "Enter any other increases and decreases to you property's value"</P><P>&nbsp;</P><P>&nbsp;</P> Mon, 10 Jan 2022 04:14:46 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-where-does-this-cost-and-others-get-entered-in-turbotax-h/01/2396931#M78282 yupod 2022-01-10T04:14:46Z