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Waiting for HOA approval - is it placed in service

ptax255
Level 5

Hi, client has a property ready for rent, waiting HOA approval. Is it considered placed in service for depreciation purposes?

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IRonMaN
Level 15

If he needs approval to rent the property, it isn't placed in service.


Slava Ukraini!

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IRonMaN
Level 15

If he needs approval to rent the property, it isn't placed in service.


Slava Ukraini!