My understanding is that the answer is, "Yes" if the property was purchased for investment or used as a rental during the tax year. May be more information at irs"dot"gov
Absolutly!! As long is it is for investment purposes you can deduct. Consult a CPA or the IRS web page to ensure you are itemizing correctly.
i believe until the point of getting a tenant, the costs may go towards the basis of the property and be deducted in the long run. I could be wrong John
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My understanding is that the answer is, "Yes" if the property was purchased for investment or used as a rental during the tax year. May be more information at irs"dot"gov
Absolutly!! As long is it is for investment purposes you can deduct. Consult a CPA or the IRS web page to ensure you are itemizing correctly.
i believe until the point of getting a tenant, the costs may go towards the basis of the property and be deducted in the long run.
I could be wrong
John