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Updated almost 4 years ago,
Tax Question - Converting Primary Home to Rental
My primary residence will be converted to a rental on April 14th and then remain an investment property. Currently, I'm living in the house and doing small repairs to get the house ready. We usually use the standard deduction and do not itemize. Are the expenses to get the home ready for rental still deductible, as a business expense? Since I'm currently living in the home, I expect they are not deductible.
I resurfaced the 2nd bathtub, Steam Cleaning Carpet, etc...