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Investors & landlords
@hdurina84 wrote:2. So I cant add the closing costs while selling my rental property to the basis?
As @Mike9241 indicated, you need a tax professional.
The closing costs should have been added to the basis at the time of purchase and depreciated. If they were not, you most likely need to file a 3115, for which a tax professional would be highly recommended.
‎November 27, 2021
7:11 AM