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Rental Property Improved in 2021 but Sold in 2022
I have a rental home. I rented it out for 2021. While it was a rental I made improvements to ready it for sale in 2021. It did not sell until February 2022. Do I have to input the improvements as expenses against the rental property in 2021 or can I input it as a deduction against the sale in 2022? Thanks!
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March 2, 2022
4:24 PM