Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Tax, SDIRAs & Cost Segregation
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 almost 2 years ago, 02/13/2023

User Stats

2
Posts
1
Votes
Nathan Roberts
  • Sarasota, FL
1
Votes |
2
Posts

Converting Primary Residence to Investment Property

Nathan Roberts
  • Sarasota, FL
Posted

I converted a property from a primary residence to a rental located in California in 2022. The date of conversion is 5/29/22 which reflects the first day it was advertised online for rent. After listing for rent, I started work on capital work items such as new exterior paint, replacement shower door, and replacement carpet so I can claim it on my 2022 Tax Return. In addition, I am claiming all typical rental expenses such mortgage, taxes, insurance, maintenance, etc. My understanding is that after I list the property for rent its fair game to claim all capital items and expenses. Is there any thing I am missing?

Loading replies...