Stockmoose16
Returning Member

Deductions & credits

I'm not sure I understand. It's an investment property. Wouldn't I need to enter all my closing costs for TY20 since that's when it closed? And then they'd carry over to future years?

 

The property closed on 12/31/20, so there's no way I paid any non-prepaid taxes.  But what about my appraisal, inspection, insurance, title fees, etc? Where do I put those in TT given that I had no investment property income because I didn't take possession of the house until 1/3/21?