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Updated about 9 years ago on . Most recent reply

User Stats

96
Posts
33
Votes
Wesley C.
  • Investor
  • Knoxville, TN
33
Votes |
96
Posts

end of year purchases

Wesley C.
  • Investor
  • Knoxville, TN
Posted

I've never bought rentals so late in the year, and I would appreciate some brief advice.  I bought two houses in December of this year.  They are intended to be rentals.  One was listed to rent on December 15 but did not have a tenant in 2015.  The other closed on Dec 23 and is just now finishing renovations.  How would I approach both of these houses for 2015 taxes?  Thank you for any help.

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