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Deductions & credits
Thank you for your very specific reply. We placed our short term rental into use at the end of November, so do not have much rental income for 2023. However, we bought all of our supplies in 2023. Can we report them as expenses in 2024 when we have more income? I'm afraid having a large loss will trigger an audit. Thank you, Valerie
‎April 14, 2024
12:07 PM