Hello everybody! It’s been a long time.
We are closing on the sale of a rental property that we have owned for the last three years. The closing is next week. The property was rented until the end of May. In June and July and through now we have continued to keep the utilities on, pay the property tax, etc. while getting the property ready to sell.
When doing my taxes next year, how do I allocate any and all expenses relating to the property beginning after the tenants moved out? I’m a little confused.
We are closing on the sale of a rental property that we have owned for the last three years. The closing is next week. The property was rented until the end of May. In June and July and through now we have continued to keep the utilities on, pay the property tax, etc. while getting the property ready to sell.
When doing my taxes next year, how do I allocate any and all expenses relating to the property beginning after the tenants moved out? I’m a little confused.
Statistics: Posted by BigLaw Survivor — Thu Aug 15, 2024 7:34 am — Replies 1 — Views 97
