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Updated over 1 year ago on . Most recent reply presented by

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5
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Som Jafari
1
Votes |
5
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Not able to write off repairs

Som Jafari
Posted

Hi everyone, I filled my taxes jointly for the first time.

Tax guy said I can't write off any repairs/upgrades because my wife and I W2 income is over $150,000.

Is this correct?!

Most Popular Reply

Account Closed
  • Accountant
  • San Diego, CA
552
Votes |
1,250
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Account Closed
  • Accountant
  • San Diego, CA
Replied
Quote from @Som Jafari:

Hi everyone, I filled my taxes jointly for the first time.

Tax guy said I can't write off any repairs/upgrades because my wife and I W2 income is over $150,000.

Is this correct?!

 Hey Som, 

While i dont know your situation exactly, it is unlikely you cannot use the losses created from repairs/maintenance / capex at some point. I would suggest you find an accountant who is more specialized in real estate, and fast too! The deadline is almost here 

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