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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.
ā€ˇFebruary 28, 2020
8:28 PM