chelsatx13
Returning Member

Investors & landlords

OK thanks.  It is currently NOT available to rent.  With that said, my question is; Do I need to fill out a schedule E on my 2021 1040 tax return and report the purchase of the home.  I understand I am not reporting the expenses, rather, the purchase of the home.  Or, do I wait to record the purchase during the tax year that the home becomes available to rent?