IRS Publication 527 states
When Does Depreciation Begin and End?
You begin to depreciate your rental property when you place it in service for the production of income.
Through December 31, 2022, you have accumulated construction costs that will be added to your 2023 construction costs. The total of those construction costs will become the new rental property asset. You will begin to depreciate the new asset when you begin using the new asset for business purposes.
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