We sold our rental house this year. It was rented and offered for rent through
July. For the next 5 months it was
under contract finally closing in December.
Since it was under contract it could not be offered for rent (though if
the sale had not closed I would have put it back up for rent and sale). Where do I write off the expenses (utilities,
taxes, insurance minor repairs) incurred during the 5 months?
Note: The house was under contract three times during the 5
month period, two contracts fell through, collected the earnest money and had
new contracts within 2-3 days.
