Deducting expenses query

[Dom Radcliffe]

Hello BP community,

We are planning to list our property “in service” for short term rental use starting January ‘23. We are making some repairs to the property this year in the months of November and December. We purchased this property back in October.

Our repairs expenses will be incurred in 2022. However, rental service will start in Early 2023. Our revenue from this property for 2022 will be zero. Considering this, would we be able to deduct our business/repair/travel expenses when we file our taxes for 2022? If not, is there a way to deduct them next year?