Client purchased a home in the Hamptons for the sole purpose of making it a rental and closed on 07/30/20. As of today the house is still not available for rent, I know I can not write any expenses off until it is made available for but my question concerns the mortgage payments and taxes paid so far. He already has two personal homes, so declaring it personal home is not an option. Can I add the interest and taxes to the closing costs or maybe to the basis of the home when it is available for rent. Any suggestions will be welcome.