PatriciaV
Expert Alumni

Investors & landlords

If the property is not listed as a rental or is listed as available for sale, it is considered a "second home." As such, the expenses you incurred are added to your basis in the property (not expensed or depreciated). The increased basis will offset a portion of your gain when you sell the property. Report the sale transaction in the year of the sale.

 

@lthomas836 

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