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
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago on .
Most recent reply
presented by
Tax Deduction For Rental Property Not Yet In Service?
I purchased a single family home last year that is in need of major repairs before it becomes my first rental property. I know about the passive activity loss rules and the fact that I am limited to a $25,000 -- which my losses are well under anyway. What I don't know is if I can deduct my property tax, insurance, etc. since the unit was never in service last year. Any insight? And thanks for all that you do for us new investors.