Rental property was For Sale in 2017 & sold in 2018. Some expenses for selling it occurred in 2017. Wait until next year to claim all expenses & profits together?

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Yes, the expenses for selling your property should be reported in 2018, when you report the sale.

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Yes, the expenses for selling your property should be reported in 2018, when you report the sale.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Rental property was For Sale in 2017 &amp; sold in 2018. Some expenses for selling it occurred in 2017. Wait until next year to claim all expenses &amp; profits together?