DMarkM1
Expert Alumni
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Investors & landlords

Yes.  Your first statement is correct.  You can deduct the full year of expenses since there were zero days of personal use during the full-year rental time.  

 

For the second question, it depends.  Whether 1st year or 5th year, it not unusual to show a loss on a rental property that only collects rental income for part of the year.

 

 

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