Own a house and moving in with my SO in the summer. Opened an LLC and bank account for landlord purposes. Plan on doing renovations over the next 3 months while living here. Am I able to claim the renovation expenses?

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A majority of your renovation expenses would go into the basis of your building and depreciated over 27.5 years once the house is placed into service (I.e. listed available for rent).

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You should ask a tax professional. The rules are a bit blurry around converting a personal residence into a rental property, and how expenses can be treated prior to putting the property into service

The general rule is you can only claim things that are 100% for your business. If you’re living there it’s likely not a business expense

That said, you need to talk to a tax professional

I am not a tax professional. But I deducted all the renovation expenses on a duplex I owned (where I lived on the top floor and later rented out). My personal experience, anyway.

I did the same. My cpa disagreed with me. But also as a cpa my argument was that improvements to the upper improved the ability to rent the lower. Who would want to rent a unit under a rat infested sh*t hole? She said that was my sh*t hole.

How will that IRS ever know???!!!

As a landlord, in my experience with taxes, if you do the work and then rent a significant part of the year, you’ll be prompted to claim all the expenses. I agree with the advice to speak with a professional. If you’re going to be a landlord, then you’ll need people you can call anyway.

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