I would like to know if I can include on my taxes working on property to prepare to sell or rent.
The expenses
02745
2 Replies
SweetieJean
Level 15
Aug 24, 2022 4:28:33 AM
Please ask your TT Live rep.
Critter-3
Level 15
Aug 24, 2022 4:43:58 AM
First your labor is not deductible anywhere ever. Next, the costs may need to be added to the basis or capitalized depending on the situation so I agree ... ask your LIVE expert ...