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New Member
posted Jun 20, 2021 11:46:17 AM

Can you claim all the labour for a large renovation on a rental property as an expense?

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1 Replies
Level 5
Oct 28, 2021 1:32:06 PM

Yes, you can. According to TurboTax "You can deduct the cost of repairs in your rental property including labour. The expenses have to be current expenses such as repairing the property to the original condition not improving the value of the property. You cannot deduct a value for your own labour."

                                   
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