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Tag Archives: Depreciation for rental property

Can I Deduct Remodeling Expenses for a Rental Property?

Lately, there’s been more attention around tax rules tied to property improvements. And that’s because certain incentives continue to evolve. Which has many rental owners asking the same question: Can I deduct remodeling expenses for rental property? The short answer? Sometimes yes. It all comes down to how the IRS classifies the work. Some remodeling […]