Multi unit rental property, one unit not rented, not used for personal use. Question on topic

Forum|Forum|2 years ago
March 3, 2024
1 reply
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I live in a home with 3 units. I live in one, rent the other two. One of the other units was not rented in 2023, but needed some repairs... due to Covid finding a contractor to do work in my small town is impossible. If I didn't use it for personal use, but it was not rented, and not really available for rent how to do I treat this on my taxes? I normally depreciate my rental portion of the property and still have to pay expenses, like sewer and utilities. Are these expenses deductible?

TurboTax Home & Biz Windows

JamesG1

Yes, the expenses would be deductible. See IRS Publication 527 Residential Rental Property, page 10 here.

Idle Property

Continue to claim a deduction for depreciation on property used in your rental activity even if it is temporarily idle (not in use). For example, if you must make repairs after a tenant moves out, you still depreciate the rental property during the time it is not available for rent.

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