In July 2019, I purchased a rental property. I made repairs to it and also did made some improvements.
On March 2020, the rental property was put on the market and was ready to be rented. When I filed my taxes for 2019, I did not include any rental property tax deduction repairs or depreciations. Reason being, I was told and also read on the IRS website, that since my rental property was available to rent in the year 2019, that I couldn't start getting tax deductions or depreciation.
My questions.
Since I had repair cost for 2019 that I never deducted, can I still deduct them for the 2020 tax year?
Since I had improvement cost for 2019 that I never depreciated, can I still depreciate them for the 2020 tax year?
