We purchased a rental property, and traveled to the location for remodeling for about 7 months before the property was ready to rent on Oct 1st.
I know we cannot include any 'cost' associated with our own labor, but can we include the travel costs that we incurred to reach the rental property during the remodeling phase, which was prior to Oct 1st, for the cost basis used in calculating depreciation.
I am aware that travel for property maintenance is eligible for deductions as expenses after we went 'live' with rentals (after Oct 1st).
This question is strictly for calculating the depreciation basis PRIOR to Oct 1st.
Thank you
