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Taxes on Future Rental Property
The home I'm currently living in will become my first rental at the end of January 2021. I have it listed now on multiple sites and put a lot of rehab into it in the 2020 year.
Since it was not a rental in 2020, am I able to list capital expenditures during the year of 2020 on my taxes when I file in 2021? I hope that makes sense and I appreciate any advice!