My tenant moved out of my residential rental property mid-July. Began the process of repairs, cleaning, etc. so as to rent the property again. Property was available to rent but was empty for the remainder of the year. Since the repairs were completed after the tenant moved out, are the repairs considered expense against rental income earned earlier in the year? I also made significant capital improvements to the property after the tenant moved out. Would these improvements be depreciated in 2023? Lastly, I'm seriously considering putting the property up for sale now that I have done so much work on it. Does that affect how I treat all expenditures I made in 2023?
