DDollar
Expert Alumni

After you file

If you are referring to a rental property, the date placed in service is the date it was available for rent.  If you bought it in March, and had it ready to rent on May 1, then May 1 is your date placed in service.  It doesn't matter that it wasn't rented/occupied until October.  If the property was not available to be rented and occupied until October 1, then that would be the date placed in service.

View solution in original post