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Can I deduct improvements made to a rental home in 2020 if I was living in the home until it was ready to be listed for rental in 2021?
I bought the home in 2020 with intent of turning it into a rental after doing some much needed repairs and renovations. I have been living in the home since closing but it will be ready for rental in March of 2021. Home was purchased below market value and bring it back to fair market value.
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‎January 4, 2021
7:35 PM