So I just read over the Placed in Service documentation on the IRS website.
It doesn't say anything about NOT being able deduct expenses. But what you're saying is, because the property is not ready actively renting or not available to rent, that I can't deduct any of the repair expenses until I actually have it available?
If this is the case, then all the repair work I did in 2019, I won't be able to deduct until 2020 tax year, because I plan to have the property in the rental market next month?
Please help me understand
