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Updated over 7 years ago,
When can I start tax deducts for a rental?
I currently live in my home but am planning on buying a new house and renting out my current property within a year. It needs a few repairs and improvements before I'll rent it. If I do some of these now, while I live in the home, can I deduct those expenses? Or must I wait until I put the house on the market before those expenses would be tax deductible?
Thanks in advance!