I've owned rental properties and understood the difference between a repair (deductible that year) vs a capitalized expense (for a large appliance or carpets, for instance).
I'm now in a new situation, I bought a fixer upper in March '14 and it took until December before I could list it as available to rent. I'm now trying to understand what, if anything, is available as a deduction for 2014? The real estate taxes? Utilities? Is anything deductible that occurred before my "placed in service" date?