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You rental property is considered rented from the day it was listed on the rental market. You should answer that it was rented all year.
You rental property is considered rented from the day it was listed on the rental market. You should answer that it was rented all year.
The day count starts on the first day a renter "could" have moved in. Vacant periods between renters count also, provided you did not live in the house for one single day as your primary residence, 2nd home, vacation home, or any other "personal pleasure" use. The fact it sat empty for 4 months while being advertised is irrelevant.
If the property was being repaired due to the damages from the previous tenant and the property is listed for a future occupancy date (date when repairs would be completed), I assume the days it was being repaired are not counted as days it could have been rented even if it was listed then. Can you please confirm? Thanks
Since the property is a rental property, you may be able to deduct your ordinary and necessary expenses while the property is vacant. These include depreciation, managing, conserving, or maintaining the property. The only thing you can't deduct is the loss of rental income.
IRS Publication 527, Residential Rental Property
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