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Updated over 10 years ago on . Most recent reply

User Stats

77
Posts
5
Votes
Rao V.
  • Seattle, WA
5
Votes |
77
Posts

Tax question

Rao V.
  • Seattle, WA
Posted

Hi,

I bought a Owner occupied home in 2013. Life situtation changed and we decided not to move in the house.

After fixing/repairing it I decided to wait till 12 months since we were not allowed to rent for 1 year as an owner occupied and now I have rented the house in 2014.

My question is. For 2013 can I deduct amount that I spend repairing the house to make it rent ready? I am doing my 2013 taxes, that's why I want to know how to deduct any expenses?

Thanks

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