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Question
Would I be able to write off 100% of expenses for tenant/house repairs? I own a 3 family home and I live there too
- Anonymous
Answer
Yes, you'll be able to deduct the expenses for repairs to the property you rent. Make sure the repairs are truly repairs that are necessary to keep the property in good working order. Anything that improves the property will be recovered gradually through depreciation. Repairs to the part of the home you live in won't qualify for a deduction.

Melissa Pedigo

Melissa Pedigo has been a CPA for over 20 years and she is one of the only CPA copywriters in the world. With a vast knowledge of U.S. tax and accounting, she’s able to write about tax and finance topics from a unique perspective...as an industry expert. When she’s not writing or being an accounting nerd, you’ll find her watching and playing tennis, reading, tending to her half-grown garden, and studying foreign languages

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