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Updated over 6 years ago,
vacation rental question
My husband and I recently purchases a cottage that we would like to rent weekly. The cottage does need some repairs and improvements that will probably take 6 months or so to complete. I am wondering if there are certain restrictions/ requirements for allowing us to claim the expenses/repairs without having rental income for the first 6 to 9 months? Is there any experts in this area that I could also read their posts?
Thank you