Hello,
I rented out a condo for nine months in 2019. It was empty for three months. I spent just over $2000 preparing to sell it (plumber, garage door repair, dishwasher repair, paint, carpet cleaning service, etc.). I spent the money in 2019. The original buyer fell through. We have a new buyer and expect to close in February. Do I deduct these expenses in 2019? Somehow increase the basis of the unit? Or hold the expenses and deduct them in 2020?
Thank you.
