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Investors & landlords
@ddubs82 there's no such thing as start up expenses for rental property reported on SCH E. There's absolutely no provision for it anywhere in IRS Publication 527. Expenses incurred when preparing the property for rent for the very first time are not deductible, and never have been. You can't start deducting expenses until after the property is move in ready and basically "available for rent". Now do not confuse this with property improvements, as property improvements are their own completely separate thing.
May 28, 2024
3:56 PM