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Investors & landlords
No, it is not deductible before it is rented, but you can capitalize these expenses by adding them to the basis of the property.
As for the appliances, even though you purchased them in 2020, you did not place them into service until 2021, so you will be able to depreciate them.
ā€ˇFebruary 20, 2021
1:35 PM
232 Views