@Carl wrote:
. In general, until rental is placed into service as a rental, typical rental expenses are not deductible.
that's what I'm saying. Repair/Maintenance expenses incurred before the rental is placed in service are not deductible,nor can they be added to the cost basis.
Correct, and I think the guidance in TurboTax is simply inartfully worded:
"...Expenses you pay to prepare a property for rent for the first time are not deductible because there has been no rental activity...."
How about, ".....not deductible because the rental has not yet been placed in service...." (actually, the program assumes rentals are not placed in service while repairs are being made and there is no authority for that proposition).
