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Get back rehab costs tax free?
Hi all - I'm hoping this may be a simple question ....
I have a rental property I've owned for 10+ years. I recently spent $12k to rehab it and then sold it. I am selling it as the relinquished property in a 1031 exchange.
My question: can I get that $12k in rehab cost back right now tax free?
Thanks in advance!
Andy