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Quadiesel
New Member

Entering rehab cost on the sale of a rental property.

I bought a property back in 2006 & rented it out.  I sold the property in 2022 but did $31,000 in rehab to sell the property.  Where do I enter the $31,000 in rehab costs?

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1 Reply
M-MTax
Level 11

Entering rehab cost on the sale of a rental property.

When did you do the rehab? Right before the sale? You add the cost to your basis and take a depreciation deduction when you place the finished product into service.

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