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Rental property expenses same year as sale of property?
We owned a rental property from 2018 until May 7 of 2021, all utilities(electric, cable & water) were included. We received rent for the months of Jan & Feb, our daughter was renting the property until her new home was finished (mid-March). We told her not to worry about paying rent for the month of March. After she moved out, we replaced all the flooring with vinyl plank & carpet. We also continued to pay the utilities, did some cleaning, landscaping and painting. How do I handle the flooring cost? How do I handle the other deductions for utilities, cleaning etc? Can I just list those Schedule E?
‎February 20, 2022
12:45 PM