Hello friends. I took a HELOC on NJ home to buy a vacation rental in Florida (early 2024). Did not receive approval to start renovations by year end. No renters in '24 but lots of expenses (oil tank removal, taxes, utilities, termite tenting, lawn maintenance/tree removal, insurance, etc.). I traveled several times. Stayed with family (no charge) but took flights and ate plenty. Is anything deductible for 2024 taxes? Thank you.
