Selling a rental

Forum|Forum|3 years ago
February 1, 2023
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I sold a rental in 2022….I’ll simplify the dates but let’s say they moved out June 30th and I listed and then closed on the house on august 31st….for real estate tax, insurance and interest I pro rate till the end of June as far as what I claim for rental expenses? Then July and august interest, taxes and insurance maybe are selling expenses? Thanks

MAK70

You would be able to include as expenses as long as the property was held as a rental property until the sale.

From the IRS:

Vacant while listed for sale.

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.