Coleen-
Thanks so much for the answer.
Sounds like for the 2020 taxes, I do not even claim it as a rental property (as it did not rent). I will hold onto all my expenses for the 2020 year. Those expenses will be factored into the depreciation.
Since the unit was ready to rent at the start of 2021, those expenses will be deducted as normal.
I just want to make sure that by not claiming anything in 2020 I have not lost the ability to claim in 2021.
Thanks
Todd
