If not, is there any way that I can claim the above expenses to get any tax benefits (other than itemized deduction for property tax)? The condo was rented to tenants until mid October of 2024, and thereafter it was vacant and listed for sale (but was not sold in 2024 yet). I'd like to know whether I can elect to capitalize under IRC Section 266 the above expenses paid for the period when the condo was vacant (no personal use at all) and listed for sale.
