New property tax deductions
I read that you can’t deduct expenses when purchasing a property and making it rent ready, until it’s listed for rent. So any repairs to make it rent ready can’t be deducted, correct? Now, I have also read that listing the property for rent from day one, is a way around this. Is that right?
If I purchased a SFH with a tenant, but the tenant is moving out 4 days after closing, are they considered my tenants (I am performing final walk through and getting keys)? Does this mean I can deduct expenses to make it rent ready?
Or, is there anything that can be deducted?