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February 13, 2020
Question

Rental property without income

  • February 13, 2020
  • 1 reply
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We purchased rental property in 2019, had expenses, but no rental income.  Should we wait to file as rental property next year?

    1 reply

    Employee
    February 13, 2020

    @Grego52 wrote:

    Should we wait to file as rental property next year?


    No, provided the property was ready and available for rent, you can deduct rental expenses, including depreciation.

     

    See https://www.irs.gov/publications/p527#en_US_2019_publink1000218981