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Purchased rental prop, remodeled it. Didn't incur 2016 rental income. Can I enter the prop in 2017 taxes so I can apply the 2016 expenses against the 2017 rental income?
I purchased a rental property in 2016. Incurred remodeling expenses in 2016, but didn't receive rental income in 2016. Can I enter the purchase and expenses in my taxes for 2017 so that I apply it to the rental income from 2017? Does Safe Harbor Rule come in to play and why?
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‎June 4, 2019
1:41 PM