So schedule E is applicable for 2019 since this is when the property is listed for rent? And expenses can be deducted then?
Why can't utilities be deducted? (Per IRS Publication 535: Utilities. Business expenses for heat, lights, power, telephone service, and water and sewerage are deductible. However, any part due to personal use isn’t deductible.)
Aren't repair costs deductible? Unless you elect to capitalize? (Per IRS Publication 535: Repair and Maintenance Costs Generally, you can deduct amounts paid for repairs and maintenance to tangible property if the amounts paid are not otherwise required to be capitalized. However, you may elect to capitalize amounts paid for repair and maintenance consistent with the treatment on your books and records.)
