The expenses incurred to prepare a room for rental are not tax deductible. Rental expenses are only deductible from the day the is available for rental on AirBnB.
These costs can be added to the cost basis of your property, which will help reduce capital gains at the time you sell the property.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
