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We bought a new rental property in 2020 but didn't rent it till 2021
We bought a second home in 2020 with the intent to rent it out. Due to the remodel it wasn't ready to rent until January 2021. I paid points, interest and taxes for this 2020 purchase but made zero in rental income. I have been told to put this under investment expenses and not home mortgage expenses. I can't figure out how to do this since I made no rent in 2020. What am I doing wrong?
‎February 7, 2021
7:07 AM