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April 17, 2022
Question

Rental expense is being prorate (based on days used) even though repairs made after I moved out and before renters moved in.

  • April 17, 2022
  • 1 reply
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Rental expense is being prorated (based on days used for personal Vs rental) even though repairs were made after I moved out and before renters moved in. Shouldn't the entire repair expense be deducted ?

1 reply

ColeenD3
April 17, 2022

NO, there is no deduction for vacant property. If there is no tenant or it is not ready and available to be rented while repairs are being made, then the expense is not deductible. If it were a major improvement, that amount can be added to the basis.

bsrinisAuthor
April 17, 2022

Maybe I wasn't clear. I live in the property from Jan 1 to Sept 30. so personal days is 9 months and rental days is 3 months. Turbo tax correctly prorates property taxes and insurance. 

But why is turbotax prorating repair expenses too ? I made the repairs and fixes after I moved out to get the property ready for rental.

ColeenD3
April 17, 2022

The program does not know when you made the repairs. They are not deductible. Don't include them.