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Updated 12 months ago,
Schedule E expenses for end of year purchase
Quick question about 2023 expenses.
We purhchased our first inventment property at the end of December 2023, but did not get it listed for rent until January.
We had some expenses associated the purchase in 2023 that would normally be captured on a Schedule E for 2023, but I don't think we can do a Schedule E since the property was not listed for rent in 2023.
In this case, how and when can we incorporate those expenses into our taxes? Would those 2023 expenses be captured later on a Schedule E on our 2024 taxes?