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Purchased rental mid Dec. Paid Dec HOA+prop taxes in closing costs. Rented 15 days but management co. paid me mid Jan. Can I deduct HOA + taxes for Dec on 2018 taxes?
I am not sure if I should add this property on my 2018 taxes (closed Dec 2018), or if I should hold all for my 2019 taxes. The property management company always pays the rental earnings the following month, so I do not have income to report for the 15 days of December. I do have the HOA and property tax expenses that were paid in December. If I don't claim them this year (because no rental income came to me), can I still claim the HOA and taxes later on my 2019 tax return? Thanks in advance!
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‎June 3, 2019
10:21 AM