I converted my own home to a rental in the middle of 2021 because I had to move. I was living in the property up until then. When renting was becoming a reality, I did a couple repairs to the home to prepare it for renting. I did a repair on the fireplace and replaced a bathroom faucet. Are these both deductible expenses? They were done while I was still living there, but not long before it was put up for rent. I would not have made these repairs if the property were not going up for rent. Would costs for hiring a cleaner after I had moved out and the property was available for rent be deductible expenses?
Also, is a water heater replacement (done a year or so prior) something that can be included for depreciation to increase the cost basis of the home?
Thank you!
