Solved: From 2014-2016 I spent 10's of thousands of dollars to convert my basement into a rental. Started renting in 2017. Can any part of the up-fit costs be deducted in 2016?
From 2014-2016 I spent 10's of thousands of dollars to convert my basement into a rental. Started renting in 2017. Can any part of the up-fit costs be deducted in 2016?
From 2014-2016 I spent 10's of thousands of dollars to convert my basement into a rental. Started renting in 2017. Can any part of the up-fit costs be deducted in 2016?
Only over time as an improvement and depreciated 27. 5 years from date placed in service.
From 2014-2016 I spent 10's of thousands of dollars to convert my basement into a rental. Started renting in 2017. Can any part of the up-fit costs be deducted in 2016?
Only over time as an improvement and depreciated 27. 5 years from date placed in service.
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