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J
jfalisij
February 18, 2023
Question

Rental property item classification

  • February 18, 2023
  • 1 reply
  • 0 views

Hello - In my rental property, I replaced the old worn carpet with new flooring. Is this considered a repair or improvement?  Thank you in advance.  -Jim

    1 reply

    M
    MonikaK1
    February 18, 2023

    It depends. Replacing all of the flooring in a rental property is an improvement, not a repair. In contrast, mending a hole in a carpet is a currently deductible repair. 

     

    See this help article for more information and instructions on entering improvements to a rental property in TurboTax.


    For further guidance on this issue, see IRS Pub. 527 - Residential Rental Property

     

     

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