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    chanel20's Avatar
    chanel20 Posts: 1, Reputation: 1
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    #1

    Mar 6, 2010, 03:12 PM
    Rental apartment and tax
    I spent 2009 building out an unfinished space (bottome floor) of my house to be used as a rental apartment. I started listing it as rental January 2010 - are my cost of construction deductable?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Mar 8, 2010, 09:04 AM

    The cost of capital improvements on the rental property are not directly deductible, but rather are added to your cost basis for depreciation purposes.
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