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Accounting for cost of insurance, tax, interest, utilities, etc..on rental property prior to sale after rental ends?
We have a rental property that was rented in 2021 and the tenant left in December 2021. We decided in January 2022 to sell. Minor repairs and clean up performed and the property sold on 4/30/22.
May question is how the costs such as interest, tax, utilities and insurance during the four months are handled.
cost of sale?
Adjustment to cost basis?
thank you advance.
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‎April 4, 2023
9:42 PM