Let's keep it as simple as possible. IRS says when you place property in service in a rental activity when it is ready and available for a specific use in that activity. Even if you aren’t using the property, it is in service when it is ready and available for its specific use.
So, if the house was ready and available for rent is when you can start to deduct rental expenses. You purchased in June so if it was ready to rent then you can claim all of your expenses and capital improvements and depreciate the property as of June.
Capital expenses are depreciated along with the property. You can add to cost of property if it is renovation type stuff or report as a separate item of there are appliances etc. with a shorter life span.
You can recover some or all of your improvements by using Form 4562 to report depreciation beginning in the year your rental property is first placed in service, and beginning in any year you make an improvement or add furnishings. Only a percentage of these expenses are deductible in the year they are incurred.
How to Enter Rental Income and Expenses
Here is a link to IRS Publication 527 on Rental Property
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