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Purchased a rental property in Dec 2024. Should it be included in 2024 tax return?
Hello,
I closed on a rental property in December of 2024.
Some work was done on it and it got listed for renting in Feb 2025 (let's assume Feb 15, 2025). It's still not rented.
My questions are
- Should this property be listed in my 2024 tax return?
a) I paid mortgage interest for Dec 2024
b) I didn't pay any taxes for 2024 - When I finally add it to my tax return (either in 2024 or 2025), what should I put as the "placed in service date"?
March 23, 2025
9:35 PM