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New Member
posted Jun 6, 2021 1:27:50 PM

Regarding rental income and expenses, can I claim a portion of maintenance and repair expenses this year, and the rest the next tax year?

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1 Replies
Level 2
Apr 5, 2022 1:12:29 PM

No, the rental expense must be deducted in the year they are incurred, so you can’t claim the renovation expenses from previous years on your current year’s income tax return.

 For more information, you can visit our TurboTax website "Can Rental Expenses from a Previous Year be Deducted?

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