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Updated about 4 years ago,
Tax laws on Rehab Property
Hi all! During 2020 I was rehabbing a property. Had many challenges with delays, covid etc.. expenses really high and property is only ready for sale this week. My question is, am I allowed to claim the expenses ( the rehab) on income taxes.. not sure how it works since it is not a revenue property. Any insight will do.. thanks! Property is in Missouri.