I own and live in a 2 bedroom condo and started renting out the 2nd bedroom in September. Earlier in 2016 I remodeled most of the unit (big ticket/tangible items: flooring, kitchen cabinets/counters/appliances, bathroom cabinets/vanity, fixtures). I would have remodeled the unit anyway regardless if I ever rented out the other bedroom. But since I do rent out the other bedroom, can I legally claim any of these remodeling expenses as deductions/depreciation, or is it best to leave the remodel out of the picture? It certainly seems complicated when I go through TT and attempt to insert these expenses, even after calculating the days rented and the percentage of home that is rented. Thanks.
