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Bought a house, rehabbed house, sold house. How do I claim deductions?
Bought a house in Virginia as an investment with a possibility of retirement there. Spent three years rehabbing the house. Decided to sell the property.
Purchase price was $49.9K, spent $36.2K for rehab and furnishings, asking price was $79.9K, sold the house complete with furnishings for $70K.
This was not my principle home, I live in Massachusetts.
TurboTax will not ask the appropriate questions to allow me to claim my deductions.
‎June 10, 2020
8:19 AM