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Tax, SDIRAs & Cost Segregation
Account Closed
  • Investor
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Taxes, on a year with no rental income

Account Closed
  • Investor
Posted Mar 23 2015, 19:12

Hello fellow investors, I'm new to the forums and excited to be here.

I bought a rental property via a 203K loan in July of 2013. 

Due to extensive renovations there was no rental income until January of 2014.

I'm currently completing my (back) 2013 taxes. What (if anything) do I need to include with my taxes if there was no income for that year? Do I start claiming depreciation and expenses for 2014 or do I need to include information for 2013 even if there was no income?

Any advice would be greatly appreciated!

Thanks,

Amy

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