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Investors & landlords
Thanks for this but I'm not sure I explained things properly. The property was rented from Jan to about May but we did not receive any rent. When we finally got the renter out, we had to spend A LOT of money to get the property cleaned out and repaired so it could be rented again. Toward the end of this process an individual in the apt complex made an offer to buy the property. We decided at that time to sell rather than continue to rent.
My thought is that I should charge the fix up as expenses to the rental property even though we had no rental income and only charge the commission, closing costs et al to the sale.
Thanks again,
March 28, 2020
4:54 AM