We bought a house in 2016 to use as rental property. We spent money to renovate the property and although the renters didn't move in until 2017, can we claim this?

[fertilitypro08]

We do not have a mortgage payment on this house.  I have all receipts to show the amount we spent fixing up the place, but since we did not receive any income on it in 2016, I didn't know how to note it on the tax return.

[bwa]

Costs to renovate or repair a property to make it available for rent are not immediately deductible.  Instead, they are added to the cost of the property and recovered through depreciation,.