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Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 15329
Experience:  15years with H & R Block. Divisional leader, Instructor
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can you deduct the cost of fixing up property to get ready

Resolved Question:

can you deduct the cost of fixing up property to get ready for rental and to include the cost of travel to the property
Submitted: 6 years ago.
Category: Tax
Expert:  Robin D. replied 6 years ago.

Hello and thank you for using Just Answer.

You begin to deduct your expenses and include your income when the property is ready for service and available. The costs to fix up the property before it is ready for rental use is added tot he basis of the property. This basis is use to calculate your depreciation when you have the rental available for rent.

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