Owner Occupied Airbnb tax advise

[Andy Acosta]

What’s up BP ?

I currently have 2 properties right now. One of them is a former primary residence that is now an Airbnb and the other is my primary residence where I currently live.

I plan on buying another primary residence property in 2022 with the intention of turning my current primary residence into a 2nd Airbnb.

I’m in the process of renovating and refurnishing my current primary residence from scratch and obviously have costs.

The questions is, am I able to claim all of these expenses as tax deductible business expenses, even though I’m not moving out until 2022? What are the legal issues with this if any and how should I go about tracking that when I get ready to return to my accountant?