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Is the repair expenses deductible for my house sold to tenant while showed on the closing statement as seller credit?
I sold my house to my tenant on 5/29 while the lease was supposed to end on 5/31, instead of doing the repairs, I gave her the repair estimate as a seller credit when we closed the house and it showed on the closing statement. So is that seller credit deductible against the rental income supposed to be ending on 5/31? Thanks in advance!
‎October 5, 2020
10:58 AM