Advertising for rent during renovations for tax deduction purpose

[Claudia Becerra]

I once read an article here recommending to advertise your property for rent prior/during renovation in order to be able to deduct those expenses during that same tax year. I cannot find it. Can someone please refresh my mind. It was adding the A for advertising to the BRRR (BARRR)

Thank you 

[Natalie Kolodij]

The CPA who wrote that article since admitted in the comments that he had mis interpreted the Internal revenue code related to it. 

Costs to get an asset ready for it's intended use are added to the value of the asset and capitalized (We can ptoentially separate out some items, that's a more specific different topic)

That article basically said HEY advertise it and put in service early then you can fall to the tangible property regulations (The rules we follow about capitalize/expense on rentals once they're "in serivce". 

A. No - advertising a property alone does not make it "in service" 

B. If your major renovations are mostly done, and you've got your certificate of occupancy, and you're doing final small repairs now (paint, lights witches, ect) the time when you COULD take photos, list the property and walk people thorugh it and it's within a normal leasing timeline (4-8 weeks) Then advertising it helps solidify a date for treatment of those repairs. 

But in short- you can't just advertise a property and automatically deduct a renovation.