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Short term rental - deductions amortization - bought home in November 2020 - available for use January 2021
Hi! I have a simple question (I think!). I bought my short term rental home in November 2020 and it was available for use in January 2021. When do I start depreciation of the rental home? Can I take the start-up costs in 2020 or 2021? If you could also point me to the publication - that would be amazing! Thank you so much!
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‎February 18, 2021
10:14 AM