Rehab cost --> tax deduction + loss
How to calculate rehab cost and report it?
Say, you bought a property for $100K and rehab costs $50K, no income. can you report loss of -$50K ? plus deductions from tax, utilities?
How to calculate rehab cost and report it?
Say, you bought a property for $100K and rehab costs $50K, no income. can you report loss of -$50K ? plus deductions from tax, utilities?