I sold a rental in 2025
I have not finished my 2024 taxes
Could you help with how I should file for 2024
- The house was unrented in all of 2024 and it was not on the market to be rented all of 2024
- There were substantial repair and fix up costs in 2024
- the rental was rented from 2014 - 2023
I've read I should NOT take depreciation for 2024 and treat all expenses as an adjustment to basis
Is that correct. If so, how would I report that when doing my 2024 return
Thank You
