Skip to main content
February 20, 2024
Question

Rental Property Expenses Prior to Sale

  • February 20, 2024
  • 1 reply
  • 0 views

Sold my rental home in 2023 but before I could put on the market I had to replace the vanities in both bathrooms due to damage done by tenant.  Where do I write this expense off on Turbo Tax Premier.

 

    1 reply

    February 20, 2024

    You can report it as a rental expense- repairs, on Schedule E.  Alternatively, you can treat it as a cost to sell, and reduce your sales proceeds by the amount.  

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"