JGeig
New Member

Primary converted to rental with no income - can I claim expenses?

I converted a primary residence to a rental property starting December 2023. Leading into that conversion, I had cleaning and repair expenses in order to get the property "rental ready" but it didn't rent until 2024. Am I able to claim any of those expenses on my 2023 return or carry them forward for 2024? Am I able to deduct my December mortgage payment? If yes - how do I record those details?

 

TurboTax seems to require rental income but I'm also reading you can deduct expenses for a vacant rental if you're actively trying to rent it.