Rental condo was purchased in 2015. Worked on it for 2 years. Never stayed there. Put in in service in 2017. Can I add 2015 and 2016 depreciation to 2017 tax return?

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1 Best answer

Level 15

Jun 3, 2019 12:53:12 PM

Depreciation can only be taken on a property when it " Is available to be rented."

And then it is only deducted in the year which it was available to be rented.

So if you bought the place n 2015, and then placed it is service in 2017, only 2017 depreciation can be taken in 2017.

Level 15

Jun 3, 2019 12:53:12 PM

Depreciation can only be taken on a property when it " Is available to be rented."

And then it is only deducted in the year which it was available to be rented.

So if you bought the place n 2015, and then placed it is service in 2017, only 2017 depreciation can be taken in 2017.