Ian Montanio, House is already rented right?
Jun 04, If the tree removal was necessary for overall safety of structure/tenants or resulted from weather damage (I assume this is your case), then it is an expense.
The expense category you selected will work. If the tree removal was part of a landscaping endeavor, then you would capitalize and depreciate. bushdig.bar Reading Time: 4 mins. May 10, If you are clearing the tree away to add space for an add-on that you want to rent, it might be a write-off. Commercial. Do you have a rental property that you own? If so, it’s technically a business and can be treated as such.
This comes with a whole new set of rules that you may be able to use: If the tree was removed as a way to minimize or eliminate the risk to your property or tenants, it is a business bushdig.bar: Ossiana Tepfenhart. Apr 14, There is no"special way" to enter this in TurboTax; removal of the trees would be entered as"repairs and maintenance" (Expenses) and the landscaping (e.g. shrubs, sod, retaining wall) would be be entered as an asset (Assets/Depreciation).
Just enter the costs in Expenses or Assets/Depreciation. How you paid for them at time of purchase (personal credit card) or reimbursed yourself from the rental properties.
Jul 31, When your rental property, tenants or passing pedestrians are threatened by tree limbs, it’s best to be proactive and get that tree trimmed. When to Trim a Tree Branch.
There are many instances that require a tree trimming and getting ahead of. If the property is currently a rental, my instinct is to expense it. Removing the tree does not seem to be an improvement to the property and a tree is not a permanent fixture to the house as your roof would be. Rotate. Log in or sign up to reply. Check Rosette. Oct 14, Unlike tree maintenance done at the home you live in, tree maintenance done at a rental property can be tax deductible, and these are the main facts you need to know.
Why Is Tree Removal Deductible?
When you need to trim a tree because some of the branches are too long, that is counted as an improvement, so it is not tax deductible.