Hello,
I had a tenant move out of my rental property at the end of January 2021. The apartment was ready to rent but I decided to make some renovations (replaced windows, the entrance door, paint) in order to get more rental income. This, of course, means that during renovations, the apartment was not "available" to rent. The entire renovation was less than $2500. The next tenant moved in July 1st, 2021.
Am I allowed to deduct those expenses? If so, can I deduct those expenses as part of the Safe Harbor? Do they go as improvement?
Thank you,
Mat
