abctax55
Level 15
12-29-2022
06:25 PM
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I'll let you define (or, find the IRS definition of) 'available' for rent.
If the property was just out of service for two or three months, I probably wouldn't make any adjustments.
For a full year of down time for remodel/ *major* capital improvements - I would look at it a bit more closely. Look for any of the cases where the IRS has voiced an opinion.
HumanKind... Be Both