I purchased a property in 2015, rented it and deducted all expenses related to rental, including depreciation of original improvements purchased. In 2016 I renovated (so property was vacant) and in 2017 rented again. What do I do with the original depreciation during the period of renovation? Do I simply put it on hold and then re-start it after the property was again available for rent? Do I capitalize it as part of the "carrying costs" during the renovation? Again, this is not a question for what to do with the renovation costs, but rather how the original depreciation is treated during the period of renovation. For example. I know that any hard carrying cost during the renovation have to be capitalized (interest, utilities, property taxes).
