My husband and I bought a house in August 2019 to first fix up and then rent out as an investment property. We did repairs from August 2019-January 2020. We put a lot of money into the repairs/remodel and want to make sure we include the deductions we can. If I understand correctly, for 2019 we can only deduct mortgage interest and property taxes on a 1098 form -- is this correct? We posted the home for rent mid January 2020 and had tenants move in on February 1, 2020. Will we get to include our receipts for expenses in 2019 when we file our 2020 taxes next year? Thank you.
