Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago,

User Stats

33
Posts
16
Votes
Lisa Casey
  • Investor
  • Louisville, KY
16
Votes |
33
Posts

How to report expenses on a rental when adding an addition?

Lisa Casey
  • Investor
  • Louisville, KY
Posted

We decided to add an addition, master bedroom/bath, to our rental house. It did not go as planned and need advice on how to report expenses with no current rental income on my tax return. The rental house was shut down in July 2018 and the addition was suppose to be done in 4 months. The contractor did not begin until Oct 2018, (contractor fell off truck and broke his ribs, his business partner died, etc.) it is a long story, so I will not get into it. Eventually we fired the first contractor (losing $$$$$ we paid him) and hired a new contractor who is now reworking some of our former contractors work and finishing the addition. So there has been no income from that property and a ton of expenses, how do I report this on my tax return. Do I wait till the rental property is back in service to claim deductions and income?

Loading replies...