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Updated over 5 years ago, 08/10/2019
First rental property - what improvements can i write off?
Hello BP,
I just bought my first investment property and am learning a lot of tips and tricks because of you all, so thank you very much!
What are the best improvements i can make to a rental property that i can write off? I spoke with multiple CPAs and they said different things (ex. One said i can write off new floors vs other said i couldn’t) and the only exception is it needed to be under $2500
What are your experiences with this? Here are some examples of what i am looking to do:
-replacing carpet with laminate floors
-installing mini split
-new paint on interior
-exterior accent paint & brick refinish (brick house)
Thank you all for your help!
-Daniel