- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Ok, great. For the cost basis, I planned to use the original cost basis minus prior depreciation. Some minor improvements were made, but everything was able to be expensed under the de minimis limitations.
Technically, the unit we occupied was available for rent starting mid-December (we could have moved into another unit had someone wanted to move in mid-month). Should I count the expenses starting 12/14 (the point at which the unit became available for rent), even though we still lived there, or should I wait until we moved out and the unit became a rental (1/1/25)? If I count those expenses from 12/14-12/31/24, must I also claim 17 days of personal use while the unit was a rental?
‎February 28, 2025
2:39 PM