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Investors & landlords
Yes, rented every day.
"You place property in service in a rental activity when it is ready and available for a specific use in that activity. Even if you aren’t using the property, it is in service when it is ready and available for its specific use."
IRS Pub. 527 - Residential Rental Property (pg. 9)
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March 26, 2025
9:28 AM