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Get your taxes done using TurboTax
As it sounds like all of these expenses were incurred after the property stopped being rented out and in order to make it livable as your personal residence, these would be considered repairs to personal property which are not deductible.
Replacement of carpet could potentially be considered an improvement which would be added to basis and could reduce the capital gain (if any) at the time you sell the property. The other items all appear to be repairs which do not increase your basis.
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‎October 30, 2024
10:11 AM