Planning to rent a house from 2014, will the maintenance expenses of 2013 be tax deductible ? And how ?

Asked by DJ, Cumming, GA Wed Jun 19, 2013

I plan to rent my house from the early 2014 where I live currently. We are upgrading in this summer little by little such as kitchen countertops, backyard lawn, exterior painting, etc.
I wonder if such upgrading expenses will be covered by tax deductible ?
If so, can you tell me how things work ?

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Answers

5
Ken D'Ademo, Agent, Milford, CT
Wed Jun 19, 2013
You need to seek the advice of a Tax Accountant to answer that question.
0 votes
Michael Hamm…, Agent, Suwanee, GA
Wed Jun 19, 2013
Will once more wish you good luck, DJ.
0 votes
Leisa Frye, Agent, Cumming, GA
Wed Jun 19, 2013
I have 2 rental properties in Cumming and know 1st hand what I can deduct on taxes and what I cannot. Call me at 404-843-2500 and I will share with you my Landlord experience. Rentals are a great way to earn extra revenue and there are many great deductions we can take owning a rental. I also have a tax expert that is retired from the IRS to keep me in compliance. Her office is in downtown Cumming by City Hall.
0 votes
Ron Thomas, Agent, Fresno, CA
Wed Jun 19, 2013
Realtors are cautioned not to give Tax advice or Legal advice:
If we tell you to talk to a Tax Professional; is that tax advice?
0 votes
Michael Hamm…, Agent, Suwanee, GA
Wed Jun 19, 2013
Unless an Agent/Broker here has a Tax Attorney or Accountant title along with their Real Estate background, it would probably be unwise to ask anyone on Trulia for this information and likely worse to listen. Please call, text or email if we can provide further assistance. Good Luck!

Michael Hammond
SellsRealty@gmail.com
404-538-5499

http://www.georgiamls.com/agentsite/index.cfm?SiteID=HAMMONDJOHNM

http://www.chapmanhallprofessionals.com

http://www.SellsRealty.org

http://www.city-data.com/

http://www.greatschools.org/
0 votes
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