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Investors & landlords
@Anonymous
We really didn't have any expenses in 2019 other than mortgage interest and property taxes.
Assuming nothing concerning this property was reported on the 2019 tax return, can one claim the mortgage interest and property taxes on the 2020 tax return as something like "carrying costs"? I seem to recall a scenario like this in the past on what would be (and this one will be also) a short term investment/gain.
‎September 12, 2020
4:22 PM