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Updated over 10 years ago,
Can I deduct expenses from years ago?
Hi all,
Here is my situation: I lived in a house for 2 years and I'm now renting that house out. I plan on doing the same with the house I just moved into.
My question is: If I made improvements or fixes to the propery during the time I was living in it, can I depreciate the improvements and deduct the expenses 2 years later, now that it's being rented out? As far as depreciation goes, can I depreciate the whole amount, or do I have to start depreciating as soon as the improvements are made, losing 2 years of depreciation. Thanks for your responses!