AmyC
Employee Tax Expert

Investors & landlords

They can be, it depends. If the house is an investment asset, it goes into the selling expenses. If it is a rental property, it is listed on the sch E by line item. Either way, you get the full deduction.

 

In your case, I would add it in with the expenses to sell the property to eliminate any future gray area.

Whatever you do, put notes in your tax file because 5 years from now, it will be a lot fuzzier.

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