The improvements before July of 2024, when you started renting the property, could be added to the cost basis of the property for depreciation purposes while it was rented and also for its cost basis upon sale. Any improvements after February of 2025, when you stopped renting the property, could also be added to the basis of the property to increase the basis for its eventual sale. None of the expenses before you started renting the property or after you stopped renting it could be deducted from income until you sell the property, except with respect to the depreciation allowed while you were renting it.
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