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where do I report mortgage interest paid for a rental property that has not yet been placed in service? Test - Intermediate Rental Real Estate
where do I report mortgage interest paid for a rental property that has not yet been placed in service?
Test - Intermediate Rental Real Estate (2021) Test Section 4 Question 11 of 15 Choose the response that best describes how mortgage interest paid for a rental property not yet placed in service is generally reported on a tax return Deduction Sche Deductible on sche Deductible on Schedule The expense must be called and added to the basis of the property Mark forfolow up Question 12 of 15 Sheena purchased a rental house on April 2. 2020. It was vacant when she bought it, and that same day Sheena put out a "for rent sign and began showing the property to prospective tenants. She finally received a signed lease from a new tenant on May 28. However, the tenants asked Sheena to paint the interior before they moved in. The work was completed on June 1, and the tenants moved in on June 15, 2020. For depreciation purposes, what is the date Sheena placed this rental property in service April 2, 2020 May 28, 2020 Step by Step Solution
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