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Deducting Home Renovations After Moving and Renting Out Home
BP Forum,
This question pertains to deducting my home renovations for renting a room and renting the house a year from now.
I live in a 1300 square foot, 3 bed, 2 bath house. I moved in March 2017 and have updated all the flooring, all the windows, painted, replaced trim, adding gutters, rehabbed the guest bathroom and there’s more to come over time.
I know that I can deduct the guest bedroom and guest bathroom since I have a tenant renting the room. But, can I deduct all other update/rehab expenses if I choose to rent the house in 2019, assumingg costs were incurred in 2017 and 2018.
Thanks all!
Sergio