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Investors & landlords
Thank you so much for your quick response. The rental was vacant while we were preparing it for a sale. The sale itself happened in 2022 but the expenses were incurred in 2021. I was not sure when to show the expenses because they were straddling the tax year. Now I know that it can only be added to the cost basis and not be treated like the usual rental expense. Thanks again.
‎April 5, 2022
8:53 AM