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The repairs you made to get the property ready to lease gets added to your basis in the property, so those are not immediate deductions, but are part of your overall depreciation deduction that commences this February when the property was ready to rent.
You can deduct the interest on the mortgage interest you paid in 2016.
The repairs you made to get the property ready to lease gets added to your basis in the property, so those are not immediate deductions, but are part of your overall depreciation deduction that commences this February when the property was ready to rent.
You can deduct the interest on the mortgage interest you paid in 2016.
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