R rush Registered User Messages 17 22 Oct 2023 #1 Hello, I have a rental property where I receive income. The property needed major repair works this year 2023 with major expense. Could I claim this expense against rental income received in 2022 when filing tax return for 2022? Best Regards and Thanks
Hello, I have a rental property where I receive income. The property needed major repair works this year 2023 with major expense. Could I claim this expense against rental income received in 2022 when filing tax return for 2022? Best Regards and Thanks
J jpd Registered User Messages 4,225 22 Oct 2023 #2 No, you can't carry expenses back You can carry losses forward
R rush Registered User Messages 17 22 Oct 2023 #3 jpd said: No, you can't carry expenses back You can carry losses forward Click to expand... Thought same, and thanks for reply.
jpd said: No, you can't carry expenses back You can carry losses forward Click to expand... Thought same, and thanks for reply.