Posts Tagged ‘improvements’
Can I deduct improvements made on my rental property if I work with a property manager or only if I manage?
I am plotting to rent out my house. I have made considerable renovations to the property. I was told that I may possibly enter these home improvements off when my house becomes a leasing prop. What I am not clear on is whether I can enter equipment off if I am working with a property management company or if I must manage the property myself. I am not sure if there is a difference.
I would be grateful for any clarification on this from people in the know! I want to be assured that I can enter off these improvements, as it exceeds $25,000 at this point. Thanks.