Hi Mark and Mat, thank you so much for all you do, have been listening for a while and enjoying a lot.
I am converting my primary residence to Airbnb in December, and moving to a new build. I was wondering how many months back can I go to expense the remodel that i did for business expense?
Assuming that for 2022, i will not get any rental income (or if i will it will be minimal), but just expenses, can i still include this property on Schedule E, since i am prepping it for rental?
Also i have opened a home equity line of credit and used it as a down payment on my new home, will the interest be deductible on the loan, since the primary residence will be investment, or since the loan is personal, it will not be deductible?
Thank you for all the wisdom you share.