Question

I lived in the rental house for two months while I got the house ready to sell. How can I deduct expenses of living in the house for two months? Thanks

Forum|Forum|6 years ago
February 18, 2020
2 replies
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TurboTax Premier Online

Those expenses are nondeductible.

IRS Publication 527 (2019), Residential Rental Property States:

"If you sell property you held for rental purposes, you can deduct the ordinary and necessary expenses for managing, conserving, or maintaining the property until it is sold.

If the property isn’t held out and available for rent while listed for sale, the expenses aren’t deductible rental expenses."

Repairs you made to the property can be added to the basis to reduce the gain on sale

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Carl11_2

Employee

I lived in the rental house for two months while I got the house ready to sell.

Rent you pay for your primary home, 2nd home, vacation home, or other personal use real estate property is never deductible on your federal return. There are no exceptions.

A

Anonymous_

Employee

It is virtually impossible as you would have to show that you spent every day repairing and maintaining (full-time), not improving, the property. The expenses are, as has been mentioned, not deductible.

See https://www.irs.gov/publications/p527#en_US_2019_publink1000219182