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posted Jan 15, 2025 10:07:48 AM

End of Year Rental Purchase

I purchased an investment property on Dec 30.  I started talking with a realtor to put it up for rent asap (even before the purchase) but it was not officially posted as available until January.  Is there an advantage to declaring it on my 2024 tax return as in service available to rent with 0 income?  Can I even do this or should I save it all for 2025?

Thanks in advance.

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1 Replies
Level 15
Jan 15, 2025 8:27:04 PM

If it was not available for rent in 2024, nothing goes on your 2024 tax return.