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August 20, 2024
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If I am selling my rental home that I have not lived in can I deduct maintenance expenses needed to get it in saleable condition?

  • August 20, 2024
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Best answer by Bsch4477

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.

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Bsch4477Answer
Employee
August 20, 2024

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.