Hi,
I am kind of confused with the answers to this question and wanted some additional help. We purchases a rental property in Dec 2021 and paid amount for points, interest, HOA, property taxes etc. approximately $11k. The rental property was advertised but we did not get any rental till Feb 2022. Our AGI is above 150k. How can deduct 11K out of my total taxes? Also can I also add the depreciation of the property to 11k ? Please advise.
Thanks
