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Investors & landlords
If you buy a rental that is empty and you spend money to make it ready to rent then those costs are added to the cost basis of the property and is depreciated not expenses.
But if you have a ongoing rental concern and in-between renters you do some repairs then those are deductible expenses however any improvements must still be capitalized.
‎October 23, 2021
1:45 PM
2,657 Views