topic Rental Property.....repairs in 2018...can we claim expenses in 2019? in Investors & landlords

Rental Property.....repairs in 2018...can we claim expenses in 2019?

hollybrowntampa — Tue, 13 Oct 2020 20:45:07 GMT

Paid expenses on rental property in 2018....can we claim deduction in 2019?

Re: Rental Property.....repairs in 2018...can we claim expenses in 2019?

DoninGA — Tue, 13 Oct 2020 20:47:25 GMT

No. Any expenses you paid for in 2018 would have to be entered on the 2018 tax return. You can amend the 2018 tax return to add those expenses.

See this TurboTax support FAQ for amending a 2018 tax return originally completed and filed using TurboTax - https://ttlc.intuit.com/community/amending/help/how-do-i-amend-a-return-in-turbotax/01/27579

Re: Rental Property.....repairs in 2018...can we claim expenses in 2019?

Carl — Tue, 13 Oct 2020 22:49:39 GMT

If they were in fact, repairs and not property improvements, they get entered/claimed on the tax return for the tax year they were actually paid.

If property improvements, they get entered in the assets/depreciation section in the tax year the improvement was placed in service, regardless of what year you paid for the property improvement.