@ColeenD3 I guess I do not know the first sentence is pretty straight forward......the second sentence the way I interpret that is if it is available for rent like it could be rented if need be.....what if it does not sell? Why even make the first statement that you can deduct the expenses if the second sentence meaning is if it is not listed for rent or you are intending to rent it that the expenses are void. Available to rent means that yes the property is functioning and the utilities are hooked up and it is "available for rent" if the sale from the first part of the sentence does not go through. I mean I think the IRS is trying to prevent people from just listing a rental for sale and taking losses on it for extended periods of time if a house sells in two to three months that is pretty normal. It is a rental property what do you do with those expenses? I mean it is not like I was going to turn it into a personal property....nothing changed it could have been rented out.
