Carl
Level 15

Investors & landlords

Basically, and under the assumption that the utilities are being used by contractors in the process of the property renovations, you'll "probably" be able to include some of those costs as a part of the cost of the property improvements. But for right now and until the property is "available for rent", the only things you can deduct on your 2020 tax return are the property taxes and mortgage interest as a SCH A itemized deduction.