Expenses deduction on Rental property

[navgupta17]

I have purchase a rental investment property on dec 9th, 2024 and incurred expenses for painting, floor refinish, electrical light changes etc in the December 2024. I published the property for renting on 15th Dec while painting of work getting finished.  Property was available for rent from day i purchased as purpose to purchase the property was rental real estate. Property got let out on 1st Feb. can i claim expenses like painting, floor refinish, mortgage interest, property tax, insurance cost for 22 days in 2024 tax return. My expenses will be around 15k around.

[AnnetteB6]

Yes, since the property was advertised and available for rent starting on December 15th, you can claim expenses you incurred from that date forward regardless of whether there was rental income for 2024.  The property was placed in service on December 15th.

[navgupta17]

Thanks Annette!!