Hello,

I purchased a rental property July 2013. I received some rent from existing tenants for one month ($1900), whereupon the property became vacant and I began to work on it. Tourbotax shows about $37K worth of expenses and depreciation.

I expect to have it ready for rent in 2014.

My other income is from Sch C and capital gains.

Questions:

1. do I list expenses in 2013 although the property wasn't placed in service until 2014?

2. what do I use for the service date on depreciable assets - property, appliances, other improvements?

3.how should I take this loss? In 2013 or 2014 when the property is placed in service? Do I lose any of this loss or will it carry forward to offset additional rent?



Thanks!

Any help is appreciated...