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I am getting conflicting advice on whether or not I can claim some of the $$$ we put out to renovating our 3 family brownstone. We upgraded electric , plumbing, redid the kitchens and bathes, and put in new windows and stairs. My previous tax guy told me to hold off from claiming the costs until we had income from a tenant. Now that we have a tenant, my new tax guy is saying that we should have claimed last year and that the max allowed is $25,000.

Figuring out tax code always seems darkly mystical to me. Is there a site that gives general guidelines that a lay person can understand.