Posts Tagged ‘rent out’
Upgrade My House, Then Write Off the Depreciated Value?
September 6th, 2009Am I allowed to upgrade my house, then use the depreciated value as a tax write-off when I rent it out later?
I own a duplex, and live in one half while the other half is rented out. The Bathrooms on each side need to be remodeled. I would like to both rooms the same, costing quite a bit per room. Do I need to enter this (using Turbo Tax) as a depreciated value each year? And can I claim ‘zero use’ for my Bathroom, then change it to 100% later?
Posted in Tax Write Off Questions | 
Tags: bathroom tax write off, bathrooms, depreciated value, duplex, duplex tax write off, house value, remodel tax write off, rent, rent out, rent tax write off, rental tax write off, rooms tax write off, tax write off rent out, turbo tax, turbo tax write off, upgrade house, write off depreciated value, zero use tax write off | 
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