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Updated over 7 years ago on .

User Stats

17
Posts
7
Votes
Tiago Martins
  • Augusta, GA
7
Votes |
17
Posts

New property tax deductions

Tiago Martins
  • Augusta, GA
Posted
I read that you can’t deduct expenses when purchasing a property and making it rent ready, until it’s listed for rent. So any repairs to make it rent ready can’t be deducted, correct? Now, I have also read that listing the property for rent from day one, is a way around this. Is that right? If I purchased a SFH with a tenant, but the tenant is moving out 4 days after closing, are they considered my tenants (I am performing final walk through and getting keys)? Does this mean I can deduct expenses to make it rent ready? Or, is there anything that can be deducted?