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Updated over 16 years ago,
Tax Write Offs
I am buying my first property and plan on living in it for a few years and then renting it out. There are some things that need to be done and seeing as it isn't yet a rental property, it is my primary residence, I am assuming any of the work I do is not tax deductible? Are there any specific repairs that are tax deductible? For instance, I heard that any repairs related to energy efficiency are tax deductible, such as new windows, insulation, etc. Just trying to figure out what I should do now as opposed to later in order to maximize my tax benefit.