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I purchased and rented a property in 2018. I plan to remodel it and incurred architect fees in 2018. Work will start in 2020. Can I depreciate the fees in 2018?
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I purchased and rented a property in 2018. I plan to remodel it and incurred architect fees in 2018. Work will start in 2020. Can I depreciate the fees in 2018?
Yes, you can in the year you paid the fees.
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