We had an investment property that we ended up selling at a substantial loss (due to when we purchased the home as a “fixer upper” the inspector overlooked some major repairs one being the foundation). We started the renovation process which included testing for asbestos, which came back positive and removing the asbestos. When entering the purchase price we paid for the investment property along with the sales price, in the investment property loss do we/can we include the total cost for asbestos abatement removal along with engineering planning costs?
