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Updated 3 days ago on . Most recent reply

User Stats

9
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8
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Brian Kohtz
  • Rental Property Investor
  • Thornton, CO
8
Votes |
9
Posts

First Rental Tax Implications

Brian Kohtz
  • Rental Property Investor
  • Thornton, CO
Posted

Hello all.  My wife and I finally found our path to our first rental! We bought a new primary house in November and had a rental contract on our old house that started Jan.1 2025.  I plan to consult a tax professional but before wasting anyone's time I would like to ask whether I can technically claim the property as a rental in 2024 even though our first contract started Jan. 1, 2025?

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