Can I deduct repair expenses on a property I inherited from my parents when they passed away when converting it to a rental with no renters in it this year?

[Vchaffeegu3]

The repairs made were from decomposition and were unsafe to occupy

[MichaelL1 · Accepted solution]

Due to not actively trying to rent the property you will have to capitalize those repairs and take depreciation on them once the rental is available to be rented.

It sounds like the repairs were needed and were extensive, so just keep all the costs and in 2019 the repairs will be listed as an asset and depreciation can be taken on them.