I assume there were previous renters and you continued their lease when you bought the property. Yes you should amend 2023. those expenses that are deductible for 2023 are not deductible, under the tax laws, in 2024. as a landlord you should be aware that not all closing costs are deductible. Some must be add to the cost basis of the property. some examples
1) any points - must be amortized over live of mortgage
2) fees to obtain mortgage - add to property basis
3) title and survey fees - add to property basis
4) HOA capital contribution - add to property basis
5) escrow deposits - not deductible at all - when real estate taxes and insurance are paid out of escrow that's when you get the deduction
does it pay to amend is not the issue your supposed to report income and deductions in the proper year
we also don't know how the passive activity rules would affect your return.
