You're going to add up all of the renovation expenses. For 2025 this is technically just a second home. But the renovation expenses will add to the price that you paid for the house so that it will increase your basis when it becomes available for rent in 2026. That will increase your depreciation expense as well as reduce the taxable amount if you sell the property in the future.
For 2025 you have nothing that you have to report on your tax return.
@Davignon
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