Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jul 30, 2021 5:01:51 AM

Can I claim Reno expenses from previous years

0 1 421
1 Replies
Level 5
Oct 25, 2021 8:06:59 AM

You cannot claim renovation expenses from previous years. However, if the renovations were significant and added value to a rental property, you could capitalize the cost and claim CCA on the new ACB against your rental income.

 

You can explore further by reading this blog: “Can Rental Expenses from a Previous Year be Deducted?”

 

If you require further assistance please contact our phone support team for further assistance or contact us directly on Facebook or Twitter.