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

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Tax, SDIRAs & Cost Segregation
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 almost 8 years ago on . Most recent reply presented by

User Stats

691
Posts
610
Votes
Samantha Klein
  • Investor
  • Monroe, WI
610
Votes |
691
Posts

Depreciate or expense... property in service day of closing

Samantha Klein
  • Investor
  • Monroe, WI
Posted

My question is for the CPA's here...

I bought a duplex on July 11th this year, both sides were rented when I took over. I gave notice to both sides because they were under market by several hundred dollars and both units need some rehab. My question is since the property was in service when I bought it and was rentable, can I expense repairs made to the units during the vacant months? Some items are depreciated such as new kitchen cabinets, and flooring but other items like painting, subfloor repair, HVAC maintenance, locks, door handles, ect, can I expense those?

This property will have been vacant for 3-4 months total so very little income for the year.

Loading replies...