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Updated 4 months ago,
Rental Property Tax Deductions first year in service.
I purchased a mobile home out of state a couple years ago and decided in 2023 to remodel and get ready to rent. I rented it on December 1, 2023. Can I deduct any expenses incurred throughout the entire year 2023 for that property such as utilities, insurance, repairs, mileage, maintenance and improvements? The total for all these expenses were approximately $18k.
Thank You.