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Updated almost 3 years ago on . Most recent reply

Josh Walworth's profile image
Josh Walworth's profile image
Josh Walworth
  • from Traverse City, Michigan
  • Member since Oct 25, 2013
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Josh Walworth's profile image
Josh Walworth's profile image
Josh Walworth
  • from Traverse City, Michigan
  • Member since Oct 25, 2013
Connect
Josh Walworth
  • Traverse City, MI
0
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11
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Tax, SDIRAs & Cost Segregation

When to realize expenses for a flip?

Josh Walworth
  • Traverse City, MI
Posted

I sold a property in early 2022 that I purchased and renovated in 2021. Do I need to write off the renovation expenses in 2021 or do I wait and add those to my cost basis when I file for 2022? 

Thanks!

Josh

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