expenses incurred before first tenant move in

Hi,

I just bought new IP and just did a pest treatment before first tenant move in so can I still claim pest treatment costs for tax deduction?

Thank you,
Erorxxx

 

How much was it ?
Was it to remedy white ants ?

 

Hi Paul,

$1500 for termite chemical barier . No termite was found , i did it for precaution as the area is termite prone area

Thank you

 

So it seems like a deductible property repair. It does not remedy an existing defect (initial repair). The floor is a PART (rather than a whole) of the building and such an expense is ordinarily deductible where it is to be used to produce income.

 

awesome thanks Paul appreciate your help!