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warren561
April 17, 2023
Question

how do i take off deductions on a rental home for repair, i had no rental income this year because of repairs

  • April 17, 2023
  • 1 reply
  • 0 views
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1 reply

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GeorgeM777
April 17, 2023

Basic repairs get reported on Schedule E along with your other rental expenses.  Even though your property was not available for rent because of the repairs you needed to complete, if your property had been a rental before the repairs, and it remained your intention to continue to rent the property after completion of the repairs, then you can continue to depreciate the rental property.  The property is considered idle property by the IRS and you are allowed to continue depreciation for the period the property was idle. 

 

@warren561 

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