I bought a rental, but was still renovating it in 2016. What do I put for depreciation if it wasn't done in 2016? Can I still depreciate it? It is now rented in 2017.

[sonja]

I understand that all costs go into the cost basis, but what about costs incurred in 2017?  Does it change next year?  I know the total cost now.

[Critter]

Until the rental is placed in service you don't have anything to report on the tax return.  If it started being rented in 2017 then all the costs to buy & improve the property are combined to become the cost basis for depreciation.