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 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?
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.
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?
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.
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