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Level 1
June 4, 2019
Question

Can I deduct utilities, interest and travel expenses to coordinate renovations on a vacation rental property during 2018 when it will not be put in service until 2019?.

  • June 4, 2019
  • 1 reply
  • 7 views
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1 reply

Level 12
June 4, 2019

Yes, if you owned the property in 2018, you can take the deduction.

Even if you did not have income from the property yet.

For more information: Tips on Rental Real Estate