DianeW777
Expert Alumni

Deductions & credits

No. These expenses are added to the cost of the property as indicated and reduce capital gain at the point of future sale.  Unless this property is used as a rental or other business activity, it remains investment property with the tax law applied as noted by @DDollar.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"