Hello - I purchased a property in Sept 2017. My daughter lived there rent free for 2 years given she was recently divorced. At the time I was told to same any improvement or rental type deductions to submit at a later date when rent was collected. After she moved out we decide to do a huge major renovation during and after covid. The property was vacant until March 2023, where it is now making rental income.
My question is, can I go back and claimed all the expenses, etc, back to Sept 2017 (never submitted before), on this year's 2023 tax return? Would that raise any flags with IRS.
Advice kindly requested, thanks Larry
