BRRRR Tax question - Stepping up basis

[Cam Jimmy]

When you complete a BRRRR, can you elect to have all of your expenses of the renovations be added to the basis of the house?

For example - you buy a house for $100,000, and put $50,000 into it (Including repairs, maintenance, remodel, holding costs, utilities, etc.), Can you elect to make the house basis $150,000 now? I only ask this because I'm going to be phased out on write-offs this year, due to my other rental properties repairs, and my income going up. I don't want to miss out on the $50,000 worth of write-offs, so I'd rather just increase my basis for future depreciation. I hope this makes sense.