turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes & Forms (2024) on Mar 19! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How to recognize 2024 renovation expenses on rental property before receiving rent in 2025

 

In October 2024, I moved out of my home and started renovations. Renovations weren't completed until December and a renter moved in on January 1st 2025 so I had no rental income in 2024. Turbotax won't recognize as a rental. How do I recognize actual 2024 expenses on Property, such as renovation expenses in my 2024 taxes? Or do I have to wait until 2025?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question