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Sam D.
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Tax write-off in investment property

Sam D.
Posted

Hello, I was wondering if you stay in your investment property and if you make some repairs can you write it off ?

In my case, one of my tenant is leaving and I was thinking to stay there for few months and get the house repair (nothing major) can I take tax write off for my expenses ?

Thanks

Sam

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

I don't think he's talking about turnover repairs. He's talking about living in his property for a few months and making improvements to it before marketing it again.

You can take deductions for cleaning materials, toilet paper, etc. Larger capital expenditures would be depreciated over time. I don't think you can write off your time or charge yourself rent or anything like that.

  • Nathan Gesner
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