dennis11
Level 2
04-03-2021
12:57 PM
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substantial updates were done to a rental unit in 2020 but the unit was not rented until 2021 can the expenses be claimed on a 2020 return
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Level 15
04-03-2021
01:16 PM
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Cant be used until the rental is put in service, otherwise it just adds to basis.
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PATAX
Level 15
04-03-2021
03:28 PM
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It is called The General matching principle, IE match income and expenses.
dennis11
Level 2
04-05-2021
10:39 AM
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Thank you