Can the profit on the sale of a rental home be offset by my improvement costs to get house ready to sell and the loss on the unpaid rent for that same year (2023)?

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The cost of improvements will indirectly offset your capital gain on the resale of your rental home as they can be added to your cost basis of the home.

Unpaid (or lost) rent isn't deductible and can't offset the capital gain. The reason is that unpaid rent was never included in your rental income.

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Can the profit on the sale of a rental home be offset by my improvement costs to get house ready to sell and the loss on the unpaid rent for that same year (2023)?

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Can the profit on the sale of a rental home be offset by my improvement costs to get house ready to sell and the loss on the unpaid rent for that same year (2023)?

Can the profit on the sale of a rental home be offset by my improvement costs to get house ready to sell and the loss on the unpaid rent for that same year (2023)?

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Can the profit on the sale of a rental home be offset by my improvement costs to get house ready to sell and the loss on the unpaid rent for that same year (2023)?

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Can the profit on the sale of a rental home be offset by my improvement costs to get house ready to sell and the loss on the unpaid rent for that same year (2023)?

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