I bought a new rental property in December 2024. I did not rent it till April 2025 How do claim expenses incurred in 2024?

[slogan96]

I bought a new rental property in December 2024. I did not rent it till April 2025 How do claim expenses incurred in 2024?  I have closing costs, mortgage points,  new paint carpet utilities travel expenses etc. 

Do I claim it in 2025 ? 

I tried declaring a new property but as it had no income TT won't list it. 

I already have a couple other properties that I rent out and pay taxes on. 

This property will be taxable 2025 but is only a loss for 2024.

Do I put $1 income so it will list?

[PatriciaV]

You will report this rental property in the tax year when it was first available to be rented (not when you purchased the property).

Any expenses you incurred before you listed the property as a rental increase the basis of the property and should be entered as separate Rental Assets, subject to depreciation. Closing costs are generally included in the basis of the property itself. Improvements/renovations are entered as a separate real estate asset, as are mortgage points. You can combine other expenses (taxes, utilities, etc.) as another real estate asset. 

IRS Pub 527 Adjusted Basis: "You must increase the basis of any property by the cost of all items properly added to a capital account. [This] include[s]…[t]he cost of any additions or improvements made before placing your property into service as a rental that have a useful life of more than 1 year."