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Updated about 11 years ago,
loss with no income...?
I am new to RE investing and I am concerned about how to file for 2013. I will be closing on my first rental property Dec 5. 2013. I will be doing around 7000 $ in "repairs" and "improvements" as well as other associated costs. I plan to have it ready to rent by Dec 15. 2013. And have a Tennant around Jan 1.
My question is.... how to file this. I would assume that I should show a loss with no income for 2013.