Converting primary residence to rental

[LitaC4]

I moved from my primary residence (condo) and purchased a new home late last year. The condo was available for rental as of Nov 2024, but I did not secure a renter until early 2025. Is it worth it to report the conversion in 2024, prorate mortgage interest, etc, for just 2 months?  I did incur expenses of about 6K in 2024 to prep it for rental.

[AnnetteB6]

It is a bit of work to prorate the numbers for the two months.  Probably the main thing to consider is the type of expenses you incurred to get it prepared to rent.  

If these were improvements to the property, then they could be added to the basis of the property itself (and be claimed starting in 2025), or be depreciated on their own (if you claim the property was converted in 2024).  But, if they were simply repairs or even utility costs, then the property would need to be advertised and available for rent when these expenses were incurred in order to claim them.  So you would need to consider the dates and types of expenses that you had to decide if it is worth the trouble to you.