Investors & landlords

Thank you but there is a difference between fix up expenses and capital improvements.  These were capital improvements which can and should be used against the basis.  I am not sure why everyone is so fixated on expensing capital improvements, especially when the improvements were made when the property was my personal property - it was not generating rental income.  In addition, I am not looking to depreciate these improvements since they were not incurred while I was generating rental income.  Thank you everyone!