I bought a rental property in April 01, 2025, and was ready for rent on April 30, 2025. It was rented on May 16, 2025. It was bought strictly for rental, and never used for personal or vacation use.
My question is, what fees from closing statement from escrow I can deduct, depreciate or amortize? What about the HOA and mortgage interest paid prior to getting the property ready for rental? What about the expenses incurred to get the property ready for rental (i.e. prior to 04/30/2025) e.g. new paint, added new blinds, repair garage door and washer, cracked window glass etc.?
Thanks.
