New property question - multi-unit · 🏠 Lower Taxes w/ Ryan

New property question - multi-unit

I bought my first multi-unit, a triplex short-term rental. One unit is live but the other two are undergoing construction. What should I provide this year for 2025 taxes? Do I wait until all three units are put into service before filing the property on my schedule E? I do have electricity expenses for 2025, but I assume the other expenses are all capitalized.

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