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Rakhi Vasavada
Rakhi Vasavada, Financial and Legal Consultant
Category: Finance
Satisfied Customers: 2557
Experience:  Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years
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My rental property has been vacant a year. I made

Customer Question

My rental property has been vacant for over a year. I made repairs/improvements to get it ready to sell. I hope it will be sold this year. I will probably have a large capital gain. How do I handle the cost of the improvements I made in 2015?
Submitted: 7 months ago.
Category: Finance
Expert:  Lane replied 7 months ago.



They will add to your basis, thereby decreasing the amount OF that gain.


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