A newbie question about tax for rental properties
Hello all,
I am a relatively new RE Investor with a property that I purchased this year with an intention to make it a rental. It needs some fixup. I know that I cannot take a deduction for the fixup as it will go towards the capital cost of the property. My question is do I still need to file the schedule E as part of my tax return and show this property as a rental with no income no loss or should I not mention it at all until it is in market for rent?