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Ruchi Patel's profile image
Ruchi Patel's profile image
Ruchi Patel
  • Member since Jun 25, 2018

User Stats

23
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Ruchi Patel's profile image
Ruchi Patel's profile image
Ruchi Patel
  • Member since Jun 25, 2018
Ruchi Patel
3
Votes |
23
Posts
Tax, SDIRAs & Cost Segregation

Investment Real Estate Tax

Ruchi Patel
Posted

Hello, we bought a investment property in October but was not rented till February 2020 as it was going through renovations. Can some real estate accountant guide me as to what can be deducted on my 2019 tax return. 

Is the closing costs, taxes, material expenses, construction labor cost and all considered as expense in 2019? Please help

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