DawnC
Expert Alumni

Investors & landlords

You can add the cost of the improvements you made BEFORE you starting renting the property to the basis.   For improvements done after you started renting, they are added as rental assets and depreciated over time.   Before you rent the property, it is a personal asset and does not require depreciation.   Once it becomes available for rent, the property becomes business property which is depreciated.   @Topangamama

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