@Carl , thank you for your great advise! I didn't know I can hold off reporting this $40K investment to improve the property since all the expenses were paid in TY2019. Your instruction is very clear and thank you for taking the time to explain.
Since I do all the bookkeeping and taxes myself, I am definitely looking for simplest and manageable way, yet financial and tax-compliant sound tactic, to account for this $40K improvement cost.
