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.
Thank you for choosing TurboTax.
rtax9
Returning Member
lucianka18
New Member
Ayad1
Level 1
BNB2
New Member
jesse97lee1@gmai
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.