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Updated about 2 years ago on . Most recent reply

Andrew D Hansen's profile image
Andrew D Hansen's profile image
Andrew D Hansen
  • Rental Property Investor
  • from Mount Pleasant, WI
  • Member since Jan 3, 2021
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User Stats

27
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2
Votes
Andrew D Hansen's profile image
Andrew D Hansen's profile image
Andrew D Hansen
  • Rental Property Investor
  • from Mount Pleasant, WI
  • Member since Jan 3, 2021
Connect
Andrew D Hansen
  • Rental Property Investor
  • Mount Pleasant, WI
2
Votes |
27
Posts
Innovative Strategies

Capital gains on 2nd property rented 15 days.

Andrew D Hansen
  • Rental Property Investor
  • Mount Pleasant, WI
Posted

I bought a condo and rented it to friend for 15 days then it did not work out. I did sell it owning it a total of 20 days. I paid 160k and sold it for $170k. I Did not invest any money in repairs. Question: is all my closing costs ( realators fee, county taxes, title company fees) deductable as far as Fed taxes regarding capital gains?

Milwaukee, Wisconsin
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