Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago,
Time preparing soon-to-be rental property counts as personal use?
I purchased a new home for use as a new primary residence in January 2016. I moved out of the old primary residence on the 13th and converted it to a rental property by signing tenants 8 days later. I spent these 8 days preparing the house for rent (e.g. installing new carpet, cleaning) and finding the tenants.
From what I understand, I cannot deduct expenses for the property incurred during personal use. Would anyone happen to know if these 8 days count as personal use?