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    Outdoorted1's Avatar
    Outdoorted1 Posts: 4, Reputation: 1
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    #1

    Mar 6, 2006, 08:12 AM
    Question on placed-in-service date
    Hello,
    I have a question regarding the placed-in-service date for rental property. I had a room ready as a rental in which the renter moved-in during the same month. Their first rental payment was the beginning of the next month. Therefore, is the placed-in-service date when the room was ready as a rental or the month when the first rental check was received?
    Thank you
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Mar 6, 2006, 10:45 AM
    The date the room was ready for rental!
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