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Updated almost 5 years ago,

User Stats

91
Posts
23
Votes
Gaurav Mehta
  • New to Real Estate
  • San Jose, CA
23
Votes |
91
Posts

Tax Deductions for Investment Property not yet rented

Gaurav Mehta
  • New to Real Estate
  • San Jose, CA
Posted

Hi,

I bought an investment property in July 2019 (all cash purchase). Took me some time to remodel it. Had to fix everything. Spent $12.5K on roof (did through a roof company) and then around $55K on everything else (went with various non licensed ppl).

My questions are

1. Can I depreciate the investment property given that it has not yet been rented out

2. Is there any deduction that I can do on the roof replacement

3. Any other deductions given the property hasn't yet been rented out

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