Taxes - Condo Rental Income
Hi,
I have a condo that I hired a property management comp to rent out.
We signed the contract in Dec, they clean up the place etc [which cost me $300], and found a tenant in April.
The tenant will start renting out the place in May 2011.
Question:
Am i able to claim condo maintenance fees, mortgage payments etc as a deduction in my taxes even thought the condo was rented out in May 2011 (the tenant will move in May 2011)??
Thanks in advance
I have a condo that I hired a property management comp to rent out.
We signed the contract in Dec, they clean up the place etc [which cost me $300], and found a tenant in April.
The tenant will start renting out the place in May 2011.
Question:
Am i able to claim condo maintenance fees, mortgage payments etc as a deduction in my taxes even thought the condo was rented out in May 2011 (the tenant will move in May 2011)??
Thanks in advance