Based on your situation, you will not be able to claim any rental expenses in 2017 if the rental property was not actually available for rent until 2018. However, if you have repair expenses in 2017 that can be considered capital improvements, then you can add these improvement costs to the basis in the house (which in turn will increase your annual depreciation expense on your rental property).
A "capital
improvement" to your home, meaning the improvement must increase your
home's value, adapt it to new uses, or extend its life. Examples of capital
improvements are: adding a third bedroom, adding a garage, installing
insulation, landscaping and more.
As for management fees, if you paid them in 2017 and the property was not available for renting until January 2018 then the IRS will consider these nondeductible personal expenses.
After the home is available for renting, you will be able to deduct all management fees and repairs as rental expenses.
Here
is a link that can provide you with helpful information related to
your rental property
TurboTax
- Tips on Real Estate Taxes and Real Property
