Tax question regarding write offs

[Wesley Myers]

In the process of getting our STR ready for next season to begin renting in March 2021. We've been spending quite a bit of money updating but I just realized we won't be able to claim these expenses in 2021 when it's producing income because we're spending the money now. Is this correct? Really don't want to wait until 2021 to finish with the updates as we're trying to get er done. Am I missing something here?