TaxGuyBill
Level 15
04-14-2023
12:41 PM
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@jsoles24 wrote:
My client purchased land in 2022. She intends to build tiny homes to offer for short term rentals on the land but has not yet started to build.
With no services, it will end up Schedule E. However, if it is not being rented yet, it doesn't go anywhere. Any expenses would be capitalized.