Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago,

User Stats

386
Posts
151
Votes
Mike Landry
  • Investor
  • Montgomery, TX
151
Votes |
386
Posts

tax planning, rehab costs at the end of a rental before sale

Mike Landry
  • Investor
  • Montgomery, TX
Posted
I'm just trying to get some tax guidance on where i can put the costs of a rehab when fixing up a rental to sell. is there a strategy here? Does it matter if the costs are expenses or going to the basis. is there even an option? for my situation it's about a 10k rehab. individual receipts are all under $2500 except one. Lots of small mx repairs and fixes like blinds, faucets, cleaning, ect. A few big expenses, all new carpet, granite in kitchen, tiled bathrooms, paint whole house. How do you break it out for your cpa. yes, I'll be emailing mine. thanks!

Loading replies...