I bought 2 properties in 2018 to sell in 2019. where do i enter them and their expenses?
Using TT personal and Business. Know I shouldnt enter them as a rental as they will never be rented. Also plan on holding them at least 1 year so I can claim long term capital gain
01325
1 Best answer
Cindy0H
New Member
Jun 4, 2019 6:13:54 PM
They will not be entered until they are sold. The expenses associated with those properties will be subtracted from the buying price to give you the cost basis. Keep accurate records so that when you sell them you will have those numbers.
1 Replies
Cindy0H
New Member
Jun 4, 2019 6:13:54 PM
They will not be entered until they are sold. The expenses associated with those properties will be subtracted from the buying price to give you the cost basis. Keep accurate records so that when you sell them you will have those numbers.