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Updated over 1 year ago on .
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Repairs & Maintenance Deduction on First Rental?
Hello! Last October I moved from my former home and am now renting it out (to my daughter and her boyfriend). I understand that I can deduct repairs and maintenance, though not improvements. My question is, does that begin from the moment it became a rental or is there a "lookback" period, allowing me to count prior repairs & maintenance for a certain amount of time?
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The period you can begin to deduct expenses starts when it was "placed in service" this means when it was listed as available for rent. Was the property vacant prior to October when she moved in?