Taxes: Deducting Home Expenses in 2022 but starting Airbnb business in 2023

[Jennifer F.]

Hi Everyone, 
In March 2022, I bought a home in Seattle with the intention of doing STR. Unfortunately, the setup took about 1 year due to logistical delays in delivering window shades, multiple attempts to install of washer/dryer unit, and commuting back/forth from California. We finally finished the home in Feb/March 2023 and created a listing on Airbnb in March 2023.

Question: Can I deduct the home expenses (i.e. furniture, appliances, and anything bought for the house) in my 2022 tax return even though I started my Airbnb business in March 2023?

Any advice would be greatly appreciated!

Kind Regards, 

Jennifer

[Sherief Elbassuoni]

@Jennifer F., I am not a CPA, but my understanding is that if the business was not active and running in 2022, you can not deduct its expenses in your 2022 taxes.