DianeC958
Expert Alumni

Deductions & credits

Yes, you are correct that this counts as an improvement. You can start depreciating the improvement once the improvement has been completed.

 

Assets are depreciated once they have been placed into service. 

 

Tax Deductions for Rental Property Depreciation

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post