Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago on . Most recent reply

User Stats

118
Posts
25
Votes
Frank M.
  • Commercial Real Estate Agent
  • Sudbury, MA
25
Votes |
118
Posts

Expenses before "in-service" date?

Frank M.
  • Commercial Real Estate Agent
  • Sudbury, MA
Posted

I bought my fixer-upper last March, and it took until November before it was ready to show, i.e. place "in service."

I asked prior, if the insurance had to be capitalized or if it was an expense, and @StevenHamiltonII was kind enough to respond, expense. 

Now that I'm hacking away at the tax form, I am wondering if anything else can be expenses prior to 'in service' date. I'm looking at the Real Estate taxes and Utilities, to be specific, but if I'm missing anything else, I'm happy to know. 

I've sifted through Pub 527, with little success. It's pretty clear that depreciation starts after the building is placed in service, but I don't find where it separates out what else can be taken prior. (Thanks) 

Loading replies...