Other financial discussions


@SAL62 wrote:

I purchased a commercial building for personal use..........


To be perfectly blunt, that is all you had to write. As a result of the property being held for personal use (at this time), you are limited to deducting real estate taxes (subject to limitations) and casualty losses (if any).

 

In the future, if you change your use of the building to investment or rental, you will be able to deduct more expenses.