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March 13, 2022
Question

Where do I account for renovation costs/costs associated with the sale of a single family investment property so only true profit is incorporated into income ?

  • March 13, 2022
  • 1 reply
  • 0 views
NY State

1 reply

VolvoGirl
Employee
March 13, 2022

Subtract them from the sales price.  Maybe Turbo Tax will ask for costs of the sale.