Where do I deduct repair expenses (including mileage and M&IE) made after the renter moved out. The house will be sold in 2017.
The cost of major repairs should be added to the basis in the property to offset any gain upon the sale of the property. Minor repairs and cleaning expenses can be deducted under Expenses as cleaning or repairs (see screenshot below).
Where do I deduct repair expenses (including mileage and M&IE) made after the renter moved out. The house will be sold in 2017.
The cost of major repairs should be added to the basis in the property to offset any gain upon the sale of the property. Minor repairs and cleaning expenses can be deducted under Expenses as cleaning or repairs (see screenshot below).
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