Writing off renovations

[Justin Everitt]

Hi all,

New to the forum, found out about it through the book on rental property investing by Brandon Turner.

Had the following question:

I spent about $5,000 on flooring and carpeting in December 2024 as I was preparing to rent out the property .

I didn’t start renting out the property until March 2025.

When I file my 2024 taxes (yes I’m late), would I claim the $5,000 even though I hadn’t started renting out until 2025?

Thanks for any help

[Gabriel Watts]

Ned is correct. But Even if it was after you had the property in service you still wouldn't be able to write off 5K. It's considered an improvement not a repair. So it will be need to be depreciated off a schedule. It's not a 1 to 1 write off