I have a condo that I converted into a rental property and it became availble for rent on 11/02/2008. It didn't get rented until 02/01/2009. So although i had rental expenses in 2008, i didn't have any rental income. When i filed my 2008 taxes i could not deduct the rental expenses.
The research I did at the time indicated that I could carry the 2008 expenses to 2009 tax filing. Now I am doing my 2009 taxes and i have these questions.
How do I report the 2008 expenses, should I combine them with the 2009 expenses or do I need to show them
separately on some specail form?
How do I handle the depericiation? I know how to calculate it, but I am not sure how it needs to be filled in on Form 4562. Do i report it on line 17 or line 19?
Should I have filed a form/schedule with my 2008 return even though I could not deduct rental expenses?
Thank you in advance for your help.