Last year, rental property put up for sale and/or rent (which ever came first). The rental property was rented for the first 6 months, vacant the next 3 months, and then rented for the remainder of the year.
Someone asked a similar question and someone replied to their question as it being okay to deduct all expenses since they did not sell...
However, I came across the following on this link: http://www.irs.gov/pub/irs-pdf/p527.pdf
Vacant rental property. If you hold property for rental purposes, you may be able to deduct your ordinary and necessary expenses (including depreciation) for managing, conserving, or maintaining the property while the property is vacant. However, you cannot deduct any loss of rental income for the period the property is vacant.
Vacant while listed for sale. If you sell property you held for rental purposes, you can deduct the ordinary and necessary expenses for managing, conserving, or maintaining the property until it is sold. If the property is not held out and available for rent while listed for sale, the expenses are not deductible rental expenses."
So, I'm assuming since I had the rental property available for rent while listed for sale, I cannot deduct any of the expenses I normally deduct while it's rented?
