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Again, untrue. It all goes back to the condition of the property WHEN YOU ACQUIRE IT. Anything that restores damage to that condition is a repair (with a few exceptions for tax experts) and anything that makes it better is an improvement and depreciation applies. Marg

This is simply untrue. You are improving the property, so anything you do will be depreciated. You cannot claim repairs unless the damage has been done after you own the property. Given tenant rights, it would be very difficult to renovate while the property is tenanted as tenants are...