Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago on .
Most recent reply
presented by

Renovation on a rental house before or after we move back -- Tax Advantage?
We have a second home that is currently being rented out. With no owner occupied, house is worn more and also needs to be updated due to be dated. We are 19 months from moving back to this second home full time.
From what I understand, we cannot perform a renovation and move back in immediately and claim the renovation as an expense/depreciation.
In order to take advantage of the tax situation we must show that we have a renter in the house after the renovation. Right? How long do they need to stay in the house? 3, 6, 12 months?
Anyone else run into a similar situation? What did you do?