Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on . Most recent reply

User Stats

402
Posts
96
Votes
Jane A.#2 1031 Exchanges Contributor
  • Investor
  • Shawnee Mission, KS
96
Votes |
402
Posts

Taxes: rental property repairs / renovation

Jane A.#2 1031 Exchanges Contributor
  • Investor
  • Shawnee Mission, KS
Posted

Hello everybody!

I need your help, please.

After long term tenants the unit needs full renovation:

full interior painting, new carpet, some times new interior doors :)  vanity and toilet. 

I am confused when what is the best way to put it on the tax return:

It looks like all the new carpet, appliances, repairs, supplies we could expense during the same year.

What to do with full interior painting?  How to depreciate it?  I use HR Block software and do not see where to put it. 

My old business tax people from HR Block used to depreciate full renovation project (which could cost me around 6K) under real estate property for 27years.  I would agree that a new roof, windows, new tile, new kitchen cabinets will be considered as improvement and depreciate for 27 year or so.  But I do not see how interior painting should depreciate for 27 years.  We usually do it every 5 years or so. 

Please advise

Loading replies...