purchased property in previous year, rented this year?
Hi, I purchased a rental property late last year -12/30/21 however did not rent until early 2022. What if any info should I put in my 2021 taxes? What about loan costs like origination fee?
purchased property in previous year, rented this year?
You do not report anything until the property is placed in service. All settlement charges are added to the basis. Report it in 2022, when you make it available to rent.
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