All Forum Posts by: Mike V.

Thank you!

Thank you Ashish for your response. 
Just for clarification, I do not report anything from the investment properties at all on my 2022 tax returns (mortgage interest, taxes, repairs, etc) and file schedule E next year which will include all of these? 

May seem like a dumb question but I am an out of state investor and purchased 2 investment properties at the end of 2022. Both have not been put into service in 2022 but have underwent repairs in 2022 into 2023.

-Can I file these using schedule E even though they were not put into service in 2022? If not should I use a schedule A for the taxes, insurance, mortgage interest paid in 2022 for both?

-What about the costs of the repairs made in 2022?

-Do I need report the purchase of the properties to the irs this year and how? (Assuming I am not able to file a schedule e)

Thanks in advance 

Looking for Roofing company for replacement of roof on house and possibly garage. Small home around 1000sq ft.