We purchased a home last year, it's a multi-family. We live in the main house, it also has a 2 unit carriage house on it that was occupied by 2 tenants when we took ownership. It needed extensive repairs and updates to get up to city code. We did not renew the lease with the tenants and it has been vacant for around 10 months now. We have been getting quotes on doing the repairs. Our accountant has said that we cant deduct those expenses as the property is not in service and not occupiable. Other research shows that it can be. Just looking for clarification on this.
