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Investors & landlords
Thanks - again, I understand the answer as to the insurance premium.
But, I still don't have any opinions on my other question I asked above:
However, I did have to pay for electricity, water, propane, etc., while repairing and cleaning the property while it was Vacant While Listed for Sale from 1/9/25 until closing. Aren't the utilities and supplies (replace broken deadbolt, cleaning supplies, etc., part of "...managing, conserving, or maintaining ... "? In other words, the repairs completed by our contractor would NOT have been possible without electricity, water, and heat. Also, we did work ourselves that also required utilities be operational to complete those repairs.
In this scenario, would those costs be considered Expenses of Sale?
First time dealing with a sale of rental property - trying my best to figure it out! Really appreciate any guidance.