Regarding this: "Section 1.266-1, in relevant part, essentially states that an expense can be added to basis (capitalized) if that expense is otherwise deductible. In general, until rental is placed into service as a rental, typical rental expenses are not deductible."
Are you saying that *if* you have deductible cleaning/maintenance/repair expenses (i.e. the property *is* in service), then you can choose to add to basis instead of deducting as expenses? I thought the only expenses you can usually add to basis are "capital improvements", in other words not repairs...?
