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nnbridges
New Member

Do I submit utility expenses that are incurred while in the process of selling my rental property?

 
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HelenaC
New Member

Do I submit utility expenses that are incurred while in the process of selling my rental property?

See this previous answer that relates to your question:

https://ttlc.intuit.com/replies/3848247

Per  Publication 527 - IRS.gov

Vacant rental property. If you hold property for rental purposes, you may be able to deduct your ordinary and necessary expenses (including depreciation) for managing, conserving, or maintaining the property while the property is vacant. However, you cannot deduct any loss of rental income for the period the property is vacant.

Vacant while listed for sale. If you sell property you held for rental purposes, you can deduct the ordinary and necessary expenses for managing, conserving, or maintaining the property until it is sold. If the property is not held out and available for rent while listed for sale, the expenses are not deductible rental expenses."

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1 Reply
HelenaC
New Member

Do I submit utility expenses that are incurred while in the process of selling my rental property?

See this previous answer that relates to your question:

https://ttlc.intuit.com/replies/3848247

Per  Publication 527 - IRS.gov

Vacant rental property. If you hold property for rental purposes, you may be able to deduct your ordinary and necessary expenses (including depreciation) for managing, conserving, or maintaining the property while the property is vacant. However, you cannot deduct any loss of rental income for the period the property is vacant.

Vacant while listed for sale. If you sell property you held for rental purposes, you can deduct the ordinary and necessary expenses for managing, conserving, or maintaining the property until it is sold. If the property is not held out and available for rent while listed for sale, the expenses are not deductible rental expenses."

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