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All Forum Posts by: Travis Martin

Travis Martin has started 2 posts and replied 3 times.

Post: House Hacking Repairs Taxes

Travis MartinPosted
  • Rental Property Investor
  • Denver, CO
  • Posts 3
  • Votes 0

Hey everyone,

First-time house hacker here. I have a simple question about if I can deduct certain repairs that I made on my house hack in the months prior to when a tenant first moved in. I bought the property in June and have made about $10K of repairs and improvements, but these were all before my first tenant moved in in November. Are the repairs I made deductible because they occurred in this year? Or do they not count because the house was technically not yet being used as a rental? If I can't deduct the repairs, is there a possibility I can add them to my basis to at least get a higher depreciation deduction each year? 

Thanks for all your input, I will definitely be talking with a CPA soon but I wanted to get some opinions from those actually in the real estate business before having that conversation.

Thanks!

Post: Interior Residential Fire Rated Doors

Travis MartinPosted
  • Rental Property Investor
  • Denver, CO
  • Posts 3
  • Votes 0

Thanks for the advice, the lumber stores seem to be the way to go. I've found a couple that can get what I need. Thanks!

Post: Interior Residential Fire Rated Doors

Travis MartinPosted
  • Rental Property Investor
  • Denver, CO
  • Posts 3
  • Votes 0

Does anybody have any knowledge/experience with purchasing and installing fire rated doors for a small multifamily (2-4 units)?  I just purchased a triplex in Lincoln, NE and am doing some minor repairs myself. One of the repairs required by code is that the entrance doors for each of the units need to be at least 60-minute fire rated, but I am having trouble finding a store that supplies this for an interior wood door. Any help is appreciated! Thanks!