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Rental Property Business Deduction
I purchased a beach vacation rental property (i.e. short-term rentals) on 27 Sep 22. Although it was available for rent, it was not rented at all in 2022, because Fall / Winter is a very slow season. However, I did incur many expenses, as I used the time it was vacant to upgrade the property. Turbo tax is not allowing me to use a schedule E, apparently because there was no income last year. Are there any business deductions available to me.
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‎February 26, 2023
5:01 AM