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Expenses deduction on Rental property
I have purchase a rental investment property on dec 9th, 2024 and incurred expenses for painting, floor refinish, electrical light changes etc in the December 2024. I published the property for renting on 15th Dec while painting of work getting finished. Property was available for rent from day i purchased as purpose to purchase the property was rental real estate. Property got let out on 1st Feb. can i claim expenses like painting, floor refinish, mortgage interest, property tax, insurance cost for 22 days in 2024 tax return. My expenses will be around 15k around.
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March 22, 2025
7:44 PM