Bought a house to flip. i have lots of expenses but havent sold it yet
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Bought a house to flip. i have lots of expenses but havent sold it yet

 
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Level 6

Bought a house to flip. i have lots of expenses but havent sold it yet

If you bought a house to flip, the expenses incurred to fix it up are not deductible, but are added to the cost basis of the house.

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