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Level 2
March 9, 2022
Question

a rental property

  • March 9, 2022
  • 1 reply
  • 10 views

I have bought a rental property and closed on Dec 16,2021. It was not rented in 2021 started getting income in 2022.

I had expenses  with this rental property in 2021 like insurance, maintenance, utilities. 

Can I claim these expenses?

    1 reply

    Level 15
    March 9, 2022

    Yes, you can claim these expenses if you were actively looking for a tenant in 2021. The expenses are entered on Schedule E

     

    Additional information: Where do I enter income and expenses from a rental property?

     

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