DianeW777
Expert Alumni

Investors & landlords

Yes, when you sell a property where the fair market value (FMV) was used as the cost basis when it was placed in service to rent, then at the time of sale you include the actual cost to determine gain or loss.  Add the additional expense as part of the selling expenses for the condo itself and this will factor the correct gain.  This appears to be what you are asking.  

 

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@Tax2019Pay 

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