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Updated about 4 years ago on . Most recent reply

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Padric Lynch
  • Rental Property Investor
  • Craven County, NC
61
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146
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When can I start deducting short term rental expenses?

Padric Lynch
  • Rental Property Investor
  • Craven County, NC
Posted

I have an apartment unit that will go online as a short term rental, starting April 1st. I am currently living in the unit and will have to purchase furnishings, supplies, and services to have it operational. When can I start writing off expenses? Do I need to start advertising the unit now while making it ready, in order to write off the start up expenses?

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Paul Sandhu#4 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • The worst town to live in, KS
4,193
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4,508
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Paul Sandhu#4 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • The worst town to live in, KS
Replied

In the same calendar year you incurred the expenses.

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