- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
it is quite frequent to have rental losses in the first few years of rental due to repairs, depreciation, property taxes and mortgage interest.
There are two safe harbor elections that you can make: the de minimis safe harbor election and the safe harbor election for small taxpayers.
Please read this IRS document for more information:
https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎June 1, 2019
10:54 AM