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No, you cannot deduct this expense as a rental expense as it is an expense to prepare your house to be a rental home. Rental expenses can only be deducted from the date the home is available for rent on the market.
No, you cannot deduct this expense as a rental expense as it is an expense to prepare your house to be a rental home. Rental expenses can only be deducted from the date the home is available for rent on the market.
Expenses incurred in the process of preparing a residential property for rent the very first time are not deductible on the SCH E and as long as I've been a landlord, never have been.
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