- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Do not confuse what I'm about to say, with capital improvements, sometimes referred to as property improvements, or betterment's. Improvements are their own completely separate beasts.
Expense incurred before the property is placed "in service" and available for rent are not deductible. Period.
The earliest a residential rental property is considered in service is on the first day that a renter "could" have moved in.
March 24, 2022
9:47 PM
18,789 Views