Closing on STR on 12-20-23. Plan on putting into service in 2023. Write-off available

[Matthew Raines]

I am closing on my second STR on 12-20-23. I plan on purchasing a decent amount of furniture/supplies in 2023 to try and get it listed on Airbnb before 12-31-2023. If I am able to put it in service (i.e. have it listed on Airbnb), am I able to deduct these expenses in 2023 even if I don't get any bookings/income paid out by the end of 2023? It's a tight timeframe to squeeze in for the year. I am confident I can get it ready before year end but I realistically may not get any bookings/show any income in 2023.

Any insight would be greatly appreciated!

[Michael Plaks]

Quote from @Matthew Raines:

Thank you Michael! One more point of clarification that I would appreciate some insight: Does 2 actual stays mean 2 different stays (2 separate bookings by 2 completely different guests)? Or would one booking for 2 nights satisfy this rule?

2 guests. STR requires average stay of under 7 days. You cannot average if you only have 1 stay.