LeonardS
Expert Alumni

Investors & landlords

Yes, you will wait until the rental cabin is completed, 2022, and ready to rent to report your expenses.

When your cabin is ready to be used as a vacation rental in 2022 you will start depreciating the cabin. 

You will use the cabins basic as the starting point for depreciation

Your cabin's basis for depreciation is the cost of materials, and labor you paid for.  Plus other required legal costs such as permits, inspections, and surveys.   You can not include any value for your time spent constructing the cabin

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