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KeakaWai808
Level 1

Rental Income

I will start renting out my home in November of this year. I spent about $30,000 for renovations to get the house ready. Can I deduct some of those expenses?

posted
‎October 25, 2023 12:18 PM
last updated ‎February 23, 2026 11:34 PM
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Anonymous_
Level 15

Rental Income

You can add the cost of the renovations to your basis for depreciation.

‎October 25, 2023 12:28 PM
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