According to awesome Turbo tax Agent Regina M, she states the following. "If you hold property for rental purposes, you may be able to deduct your ordinary and necessary expenses (including depreciation) for managing, conserving, or maintaining the property while the property is vacant. However, you can’t deduct any loss of rental income for the period the property is vacant."
My suggestion is to report it in 2020 and if losses were disallowed this year, they can be carried forward until you are able to deduct these once you start renting your property. This is good because Turbo Tax will have a profile on this investment property and will transfer over into next year's return.
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