Thanks for the reply! I thought if I did the remodeling before I rented it out, it counts as a deduction. Is this correct? Is there ever a scenario that when you remodel an investment that it counts as a deduction? I thought when you purchased an investment property then remodeled it it counted as a deduction. i.e. bought for 100k paid for 50k remodeling sold for 200k. taxable income 50k? is it not the same when you purchase a rental?
