I took a loan to purchase an investment property in 2021 and sold it in 2022 (held it for less than a year) for a profit. The home was vacant all this time. I did not live in it nor did I rent it. I have seen online discussions saying that mortgage interests and property taxes can be added to the cost basis (as investment expenses), since this was an investment property. Is this correct? If not, can I deduct those expenses? I am not a professional trader. This was just a one time investment.
