Sold rental property at a loss

[Yash Bhatt]

Hello all,

I recently had to clear out a rental property and ended up selling for a loss. I just want to make sure I do everything right for tax purposes and hopefully recover some of the losses.

I sold it for less than my original purchase price and also spent a good amount fixing/renovating things to help it sell. I kept detailed records of all of this. Is there anything I should keep in mind for tax purposes?