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 over 10 years ago,

User Stats

1,117
Posts
417
Votes
Bryan N.
  • Investor
  • Hampton Roads, VA
417
Votes |
1,117
Posts

Tax question regarding converting primary into a rental

Bryan N.
  • Investor
  • Hampton Roads, VA
Posted

My primary residence will be paid off in less than two years.  At that time, I am going to purchase another primary and rent out my current one.  The house will need new windows and a roof within the next five years, so I am not sure when I will do those yet. Maybe after it is rented and in between leases, or prior to the first rental period when I move out.

To get it "rent ready" I will need to replace a shower insert, some paint, carpet etc prior to renting it out.

Do I have to wait until I move out so I can use those "rent ready" repairs towards any tax write-offs?

Can I start doing them over the next two years while still living in the residence (save the receipts) and state that it was to prepare the rental (which would be factual)?

Thanks BP

Loading replies...