Thanks @GeorgeM777
Let me see if I understand what you are saying:
Property is purchased on 1/1/22
Property is painted on 2/1/22 for $1000
Property is listed for rental on 3/1/22
Property is cleaned on 3/15/22 for $200
Property is rented on 4/1/22
The $200 is pre-rental expense that needs to be added to the basis and $1000 is not deductible in any shape or form?
Or
The $200 can be expensed and the $1000 needs to be added to the basis?
