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Updated almost 4 years ago,
When can I start deducting short term rental expenses?
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?