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Deductions & credits
Is this going to be an active trade or business?
Section 195 start-up expenditures apply to active trades or businesses and, generally, not to rental properties since the latter are typically considered passive activities.
On the other hand, if you are providing significant services to your renters, such as meals, maid service, et al, then you may, in fact, have an active trade or business.
‎November 24, 2021
7:30 AM