Yes. The date placed in service and made available is the year you begin to deduct expenses even if the tenant was not obtained until the following year as you indicated.
Capital improvements become part of the cost of the home (part of the mobile home and attached to the structure). This will be depreciated and expensed equally for each month in service each year.
Other expenses, such as appliances, can be deducted using the "DeMinimis Safe Harbor" which allows you to deduct the full cost in 2017. TurboTax will ask the questions during the rental activity entry.
Caution: When you begin to receive rent you may want to choose to depreciate versus expensing them to offset the income next year. It's strictly up to your discretion.
- Sign into your account and select your current return.
- Select Federal in the black navigation panel on the left
- Search for rental property > jump to rental property
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Continue to enter your information (Click the rental screen images attached to enlarge and view)
