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Rental Property with expenses but no income
I have rental property that was being remodeled in 2019 and therefore not rented. This rental property was then sold at the end of 2019. I still have basic expenses including insurance, property tax, and electric/gas but no income. How do I account for these expenses in turbo tax without rental income for the year? I have the basis for the gain on sale but need to understand how to account for expenses not associated with the sale but incurred while remodeling.
March 4, 2020
2:46 PM