Hi @Jesse94
Any cost of any additions or improvements made before placing your property into service as a rental that have a useful life of more than 1 year will increase the basis of the property. Those improvements should be entered as separate Rental Assets and are subject to depreciation. Also, there are no deductible expenses until the property is placed in service on the first day that a renter "could" have moved in.
Here's a useful link with more information: Rental Property
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