@NCperson"Why did you pick Aug 1 as the service date?"Aug 1 is when the lease executed and tenants took over. However I did advertise before that, forgot about ...
@NCperson@tagteamOne last question, am I able to include in adjusted basis, cosmetic updates that I made just prior to service date? Things like painting interi...
@NCperson So even though the property was my primary for 1.5 years prior to rental, I would still use the purchase price and land value from date of purchase to...
I think I found my answer here:https://www.irs.gov/publications/p527#en_US_2018_publink[phone number removed]"When you change property you held for personal use...