RobertB4444
Expert Alumni

Investors & landlords

If your rental real estate has never been placed into service then it is not yet rental real estate.  So there would be no need for a schedule E.  You have no qualifying expenses until it is places into service.

 

While you are renovating keep track of all of your expenses and add them together.  You'll add them to the basis of the cabin once you start renting it and depreciate it all over 27 and a half years.  As soon as the cabin is available for rent - whether it is rented or not, or making money or not - then TurboTax will generate a schedule E for it.

 

@oggiejax 

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