As confirmation, looking to confirm this plan (maybe this would need to be a new post?)
- Add both new properties to schedule E for 2019 tax return.
- Do not add depreciating assets until 2020
(Would it make sense to list assets on the 2019 return but NOT include inservice dates...then add the inservice dates for these items on the 2020 return?) - Mortgage interest and taxes would be schedule E
- Capitalize expenses such as association fees (add them in as part of the purchase - to the basis, then they depreciate based on building)
