Solved: How should I determine the date when the rental property is ready to rent?
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Level 3

How should I determine the date when the rental property is ready to rent?

I lived in the apartment from Jan to early April and relocated to another city before it was rented out on May 7th. The apartment was empty between the time I left and tenant moved in (about 1 month), during which my agent posted AD for rent and had it clean up etc. 

My question is how should I determine when it was ready to rent? Can I use any date between the gap?  

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Level 10

How should I determine the date when the rental property is ready to rent?

You should use the date when the apartment was ready (i.e., clean) and available for someone to move in. Page 6 of IRS Pub 527: Residential Rental Property has some examples of how to determine when a property is placed in service.

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Highlighted
Level 10

How should I determine the date when the rental property is ready to rent?

You should use the date when the apartment was ready (i.e., clean) and available for someone to move in. Page 6 of IRS Pub 527: Residential Rental Property has some examples of how to determine when a property is placed in service.

View solution in original post

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