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Sold a rental property in 2021. Is the mortgage interest paid while unrented a selling expense?
The property was never rented in 2021. The sale closed in March 2021. I am unsure where to enter the mortgage interest paid in 2021 from the 1098 form in Turbotax. Would this be classified as a selling expense I can use to reduce the basis of the rental property?
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‎April 14, 2022
1:40 PM