Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago on . Most recent reply
Can I deduct a deck?
My husband and I purchased a primary home in June of 2015. In October, I was offered a one year work assignment and we took it and moved to Ohio for all of 2016. We rented out the house starting on 4/1/16 and the lease runs through 7/31/17, at which point we will move back in.
We'd like to build a deck in the back. My husband thinks we should do it now so we can deduct the expense since it's currently a rental and it would be a benefit to the tenants. I'm leaning towards waiting until we live there again so we can oversee the construction and don't bother the tenants. Also, this feels like a Capex item that would be depreciated over time. Since it will only be a rental for another few months, I don't think we'd get much value out of the deduction.
Am I wrong and we'd be able to deduct the full amount in 2017? Thanks!