I owned a second home (condo) for over 10 years that my mother lived in. She died at the end of 2015 and I decided to convert the condo in Jan 2016 to rental property and began fixing it up. I live 2000 miles away and so the fixing up projects took place over several months. By the time I had it ready to rent, my wife's serious medical illness (cancer) required me to stop working and I decided to sell the condo instead. The condo sold in October 2016 and my net proceeds were a few thousand less than the FMV of the property as of Jan 2016. Can I claim as rental property expenses the HOA dues, utility and repair costs, travel costs, etc since January and/or can I claim the loss on sale of the condo even though it was never rented?
