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Updated about 8 years ago on . Most recent reply presented by

Darrell D.'s profile image
Darrell D.'s profile image
Darrell D.
  • Rental Property Investor
  • from Springfield, OH
  • Member since Oct 28, 2014
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Darrell D.'s profile image
Darrell D.'s profile image
Darrell D.
  • Rental Property Investor
  • from Springfield, OH
  • Member since Oct 28, 2014
Connect
Darrell D.
  • Rental Property Investor
  • Springfield, OH
63
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104
Posts
Tax, SDIRAs & Cost Segregation

Tax Question for Cash Purchase

Darrell D.
  • Rental Property Investor
  • Springfield, OH
Posted

Hello Everyone. I paid cash for a BRRR property in 2016. From the first day I purchased it, it was identified as a rental. We completed the work in 2017 without receiving any rental income in 2016. Can the purchase be identified as a business expense for tax purposes? No interest was paid.

Thank you

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