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Rental unit expenses

I have a rental unit with lot of expenses including upgrades i did in 2022. Should i include all expenses in 2022 or break it apart and do the half in 2023? Rental until was rented for 9 mos in 2022 starting in April so, i even paid monthly dues for 4 mos...mortgage etc.

 

Please advise, how i should deduct on my turbo tax? Thanks

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1 Reply
PattiF
Expert Alumni

Rental unit expenses

You should include all of the expenses that were paid in 2022 for your rental unit on your Tax Return from 2022.

 

Please see this TurboTax Help article about rental expenses that you can deduct. Here is a TurboTax Help article about capital improvements and depreciation for the upgrades to your rental unit.

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