Is repainting the exterior of your residential rental property deductible?

Wednesday, February 07, 2018 at 8:55 AM by David Shindel

As spring approaches, you may be wondering if repainting the exterior of your residential rental property is deductible.

By itself, the cost of painting the exterior of a building is generally a currently deductible repair expense because merely painting isn’t an improvement under the capitalization rules. However, if the painting directly benefits or is incurred as part of a larger project that’s a capital improvement to the building structure, then the cost of the painting is considered part of the capital improvement and is subject to capitalization.

For more information, contact your ShindelRock tax professional or visit https://www.irs.gov/faqs/sale-or-trade-of-business-depreciation-rentals.

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