Thank you.
I put a new mortgage on my home. It was a commercial loan with a prepayment penalty of 3 yrs.
I moved out immediately and converted it to a rental.
I then used the money to buy a home in another state where I live now.
I have decided to sell the rental property...and will incur a penalty for selling before the 3 years is up.
Can I deduct the penalty from my capital gains this year?
