Investors & landlords

Thanks Coleen.

 

Appreciate the follow-up. Agree with what you've said - the expenses in-between the rental period finishing and the property being sold can't be deducted as rental expenses, unless the property was available for rent.

 

In the last couple of days, I have done some research and talked to some people at TurboTax and the consensus seems to be that those expenses can still be deducted, just not as rental expenses - presumably as Selling Expenses. Unless of course, they are improvements in which case they are added to the Basis.

Thanks,

Dave.