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We purchased a condo as an investment in Dec 2013. Are there any expenses we can claim for the condo, such as property taxes?
My husband lived at the condo through-out 2014 since it was closer to his job, than from our house. He would come home on weekends.
We did not rent out the condo at anytime in 2014.
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October 29, 2019
7:07 PM
last updated
October 29, 2019
7:07 PM
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We purchased a condo as an investment in Dec 2013. Are there any expenses we can claim for the condo, such as property taxes?
No. The condo was used for personal purposes throughout 2014. Therefore any expenses for the condo are regarded as personal in nature and cannot be claimed. You can only claim expenses against this property if it is being used to earn income.
October 29, 2019
7:07 PM
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We purchased a condo as an investment in Dec 2013. Are there any expenses we can claim for the condo, such as property taxes?
No. The condo was used for personal purposes throughout 2014. Therefore any expenses for the condo are regarded as personal in nature and cannot be claimed. You can only claim expenses against this property if it is being used to earn income.
October 29, 2019
7:07 PM