If I bought a house in 2016, lived in it for 7 months while renovating, in 2017 I rent it and then sell. Can I write off rental if I rent it for only a few months?
If no one rents it, can I still write off?
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1 Best answer
Coleen3
Intuit Alumni
Jun 6, 2019 12:05:11 PM
Yes, you may include income and take expenses for those few months. You can't take depreciation as it was placed into and taken out of service in the same year.
1 Replies
Coleen3
Intuit Alumni
Jun 6, 2019 12:05:11 PM
Yes, you may include income and take expenses for those few months. You can't take depreciation as it was placed into and taken out of service in the same year.