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Updated almost 5 years ago,

User Stats

99
Posts
103
Votes
Andrew Gingerich
  • Rental Property Investor
  • Wenatchee, WA
103
Votes |
99
Posts

2018 Expenses on a Property I didn't own until early 2019

Andrew Gingerich
  • Rental Property Investor
  • Wenatchee, WA
Posted

In late 2018 we did do-diligence on a property that we ended up closing on in January 2019. Specifically drove to the property many times, we did a home inspection, we did multiple walk throughs, and we paid for an appraisal. These expenses hit my books in December 2018 but we didn't own the property until mid-January 2019. Can I put these expenses on my 2019 tax return/schedule even though they were costs in 2018. I did not claim them on my 2018 return.

Thanks 

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