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June 6, 2019
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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?

  • June 6, 2019
  • 1 reply
  • 18 views
If no one rents it, can I still write off?
Best answer by

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.

1 reply

Answer
June 6, 2019

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.