I bought a new rental property in December 2024. I did not rent it till April 2025 How do claim expenses incurred in 2024? I have closing costs, mortgage points, new paint carpet utilities travel expenses etc.
Do I claim it in 2025 ?
I tried declaring a new property but as it had no income TT won't list it.
I already have a couple other properties that I rent out and pay taxes on.
This property will be taxable 2025 but is only a loss for 2024.
Do I put $1 income so it will list?
