tigerre
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You didn't read the details. it got red-tagged by the County. I can't rent it until I do major repairs, which I haven't done. So, it is not available to rent an...
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So.. anything that can go on Sch E would be expressly deductible, correct?
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I think I have found a partial answer to my Q: taxes and interest can be added to basis; in service or not as far as I can tell. So I will post the link for oth...
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The cost of improvements would be added to basis.An election can be made to capitalize otherwise deductible expenses.April 28, 20232:14 PMCan you clarify that?...
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But, he should be able to file an election to capitalize expenses in that year and add them to basis. That should include taxes and interest as well, if I am no...
Activity Feed for tigerre
- Posted Re: FAILED 1031 THAT CROSSES TAX YEARS on After you file. August 28, 2024 2:51 PM
- Posted Re: What expenses can be capitalized when rental property is not in service? on Investing. July 20, 2024 10:46 AM
- Posted Re: Rental property under renovation, not in service on Investors & landlords. July 20, 2024 12:37 AM
- Posted Re: Cost-Basis on Rental Property (items before in-service) on Investors & landlords. July 20, 2024 12:00 AM
- Posted Re: Cost-Basis on Rental Property (items before in-service) on Investors & landlords. July 19, 2024 11:37 PM
- Posted Re: Rental property under renovation, not in service on Investors & landlords. July 19, 2024 11:12 PM
- Posted What expenses can be capitalized when rental property is not in service? on Investing. July 19, 2024 10:39 PM
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- Posted Re: Can I take rental property assets out of service on the tax return in the asset section of TT in order to stop depreciation? . on Investors & landlords. July 19, 2024 5:44 PM
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- Got Cheered for Re: Rental expenses prior to placing property in service.. February 21, 2024 6:08 AM
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