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Old house needs lots of repairs might rent or sell.
We are moving out of our old house(needs lots of repairs before it can be sold (roof, flooring, carpet, paint, appliances)) into a new house . Can we deduct any of those expenses since the house will be vacant and not a primary residence? What about upkeep like property taxes, utilities, mortgage? If we end up selling at a loss can we deduct that?
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May 31, 2019
6:37 PM