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M
m_clendenen
April 10, 2025
Question

how do I deduct the cost to repair a rental property?

  • April 10, 2025
  • 1 reply
  • 0 views
The property was damaged.

1 reply

SharonD007
SharonD007
April 10, 2025

Assuming that you had to make capital improvements to your rental property, follow the directions to enter your rental income and expenses. At some point you'll come across the Here's [your property's] rental property info screen. Under Expenses / Assets (Depreciation), select Add expense or asset and follow the interview instructions. TurboTax will figure out which depreciation method works best for you.

 

Refer to the TurboTax Help article How do I handle capital improvements and depreciation for my rental? for more information.

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