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Investors & landlords
Yes, as long as the property was still listed as available to be rented.
From IRS Pub 527 - Vacant Property:
If you hold property for rental purposes, you may be able to deduct your ordinary and necessary expenses (including depreciation) for managing, conserving, or maintaining the property while the property is vacant. However, you can’t deduct any loss of rental income for the period the property is vacant.
However, any repairs or improvements made after the property is no longer listed are instead added to your basis in the property.
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March 19, 2025
5:04 PM