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Investors & landlords
@Carl wrote:......you can deduct utility expenses on line 17 of the SCH E, starting from the date you put the "for rent" sign in the front yard.
The date a "for rent" is placed in the front yard is simply not the necessary, or otherwise official, date the property is "available for rent"; no "sign" is required (many HOAs and even some municipalities even prohibit such signs).
In fact, the property can be "available for rent" even if repairs or improvements are in the process of being made to the property.
Here, @oneacross stated that the property was no longer a "home" beginning on January 1 of 2022 so the question is how, exactly, was the property being used starting on that date and through August 20th.
‎September 7, 2022
8:01 AM
2,410 Views