How do I do taxes for a buy, fix, and hold property?

[Joel C.]

Hello,

I bought a rental property in Texas last year with hard money. I then fixed it up and refinanced into a 30 year conventional loan. My question is how do I go about reporting this on taxes?

Do I need to claim the purchase with the hard money and then the refi? I'm a little confused since this was my first purchase using hard money.

Thanks for your help.

Joel