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Moving

Moved back to home after renting it out for 8 years. It was a disaster. What of these can be claimed?

1. Carpet had to be replaced 

2. Had to hire to get trash removed (they even left dogs in backyard)

3. Replaced all windows, all screens destroyed or missing, most balances broken, many panes broken

4. Paint and repairs

5. Fridge had to be replaced 

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1 Reply
NateTheGrEAt
Employee Tax Expert

Moving

As it sounds like all of these expenses were incurred after the property stopped being rented out and in order to make it livable as your personal residence, these would be considered repairs to personal property which are not deductible. 

 

Replacement of carpet could potentially be considered an improvement which would be added to basis and could reduce the capital gain (if any) at the time you sell the property. The other items all appear to be repairs which do not increase your basis. 

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