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Updated almost 5 years ago,
Write offs? First time with Real Estate
This is the first year I have had Rental properties to report on my taxes and I'm not sure if my CPA did my taxes correctly.
Last year I bought a duplex in January. I lived in one unit while I preformed about 3k of repairs and maintenance to it.
I bought a Single family home with an ADU in October. I rented out my unit in the Duplex and moved into the SFH. I spent 5k in repairs and supplies for a Short term rental in the ADU.
I got my return back and there is no mention of these expense anywhere. Is this correct? Could I not write off any of these expenses?
Any help would be much appreciated Thank you.