abctax55
Level 15
11-06-2020
05:05 PM
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You *suspend* the supposed *losses* by capitalizing the expenses that shouldn't be taken in the current year due to the property not being in service. Those expenses should not be on Sch E in the first place (IF your fact pattern is correct regarding the rehab costs....).
"*******Tax software is no substitute for a professional tax preparer*******
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