I plan to hire a licensed contractor to do earthquake retrofit (bolt the house to the foundation) on my rental property which is at risk of falling off its foundation in a major quake.
The cost will be $20-30k which is more than all the rents I get in a year.
Is that possible to deduct that over many years? Does anything change if I take a loan to do this work?
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
