Our situation is similar, we started construction in the spring of 2021, placing the rental in service on Aug 3, 2022, the date we received the Certificate of Occupancy, it was also rented about the same time. In 2021 we starting using our previously owned tractor for major work, digging a 700' ditch for electrical and water lines. We plan on using receipts for the diesel fuel, oil, & minor repairs as capital expenses. Our question is do we start depreciating the tractor on the same date the rental was placed in service, Aug. 3, 2022?
