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Level 6
May 27, 2024

Waiting for HOA approval - is it placed in service

  • May 27, 2024
  • 1 reply
  • 5 views

Hi, client has a property ready for rent, waiting HOA approval. Is it considered placed in service for depreciation purposes?

1 reply

IRonMaN
Level 15
May 27, 2024

If he needs approval to rent the property, it isn't placed in service.

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