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Investors & landlords
Nope. Not a penny. But understand that there is a well defined difference between a repair/maintenance expense, and a property improvement, as defined in the answer below. While property improvements are not deducted per-se, they are depreciated, and it doesn't matter when that property improvement was done, or if the property was personal use or rental at the time, so long as it was done after you acquired ownership of the property.
‎June 3, 2019
4:50 PM