topic Bought property in 2016 to rent but gutted. Did reframing, windows, rewired, new HVAC & starting insulation, plumb, drywall etc... when do deduct expenses? No income yet. in Investors & landlords

Bought property in 2016 to rent but gutted. Did reframing, windows, rewired, new HVAC & starting insulation, plumb, drywall etc... when do deduct expenses? No income yet.

nhundter — Sat, 01 Jun 2019 17:45:40 GMT

TaxGuyBill — Sat, 01 Jun 2019 17:45:42 GMT

That is all added to your "Basis" for depreciation once it is available to rent. Until then, none of that is deductible.

nhundter — Sat, 01 Jun 2019 17:45:44 GMT

Thanks! I figured that was the case. Thanks for your time and consideration in this matter.