Is That a Repair?

If it's only been rented out for a year, that makes it a bit trickier. But if you've rented it out for ten years to a tenant, obviously i repairs. You're not actually repairing anything there. Your improving. And so if it was 20 thousand dollars, you can't just instantly put that 20 thousand dollars on your tax return. There would be a portion per year yet, correcty. You have to depreciate that. M so the h has a web site full of there what they call the useful lives of assets. Then that gives you the depreciation rate, and then you'll apply that to the her.