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Updated almost 7 years ago,

User Stats

16
Posts
3
Votes
David Huynh
  • Investor
  • Annandale, VA
3
Votes |
16
Posts

Turbo Tax 2017 On-line - Reporting rental acquisition expenses

David Huynh
  • Investor
  • Annandale, VA
Posted

Hi, all. I closed on my rental property in January 2018, but I incurred expenses to buy it at the end of 2017. Normally, it's pretty straight forward on Turbo Tax, when the expenses to purchase a rental and the income from the rental are in the same year. How do you normally handle reporting this? I haven't been able to come across the answers on the Intuit and IRS websites yet.

Thanks,

David

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