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can i deduct remodeling expenses for rental property

1Answers
LaAlexander
11/28/2025, 07:24:46 AM

Yes, remodeling expenses for a rental property can be deducted, but typically they must be capitalized and depreciated over several years rather than fully deducted in one year. The distinction between a repair (deductible immediately) and a capital improvement (depreciable over time) is crucial, as it determines how and when the IRS allows the expense to reduce your taxable income.

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