Investors & landlords

After the property is no longer a rental "point established as held for sale" all rental expenses end. ALL new costs incurred will be EITHER added to the basis (aggregated), improvements OR included as expense for sale. There are NO PERSONAL expenses on a property for sale. All are deductible, the difference is where they are accounted for. Form 4797 Part I line 2 (f) "Cost or other basis, plus improvements, and expense of sale "groups" these together and has the same net effect (no change to how it is taxed). *Disclaimer-I am not a CPA,