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Deductions & credits
For this answer I still want to have more discussion for some special cases
Case 1
* I placed my vacation home in service for the first time in 2020 and rented for 7 months
* I did a refinancing loan for the house in 2021 but did not rented the house at all in 2021
* I rented the house again for 5 months in 2022
Can I deduct any refinancing closing cost for this rental in my 2022 tax return?
Case 2
* I placed my vacation home in service for the first time in 2021 and rented for 7 months
* I did a refinancing loan for the house in the same year but after my rental is over
* I rented the house again for 5 months in 2022
Can I deduct any refinancing closing cost for this rental in my 2022 tax return?
Thank you very much!
‎October 3, 2023
9:33 AM