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Renovation Between Tenants
My first tenants moved out near the beginning of the year. We renovated the house for a few months before a second set of tenants moved in within the same year. Can we claim that the house was a rental for 100% of the year per IRS rules? Will I be able to write off the expenses (either as expenses or add to basis of the house) on the improvements made during the time of renovation when there were no tenants?
March 23, 2021
9:24 AM