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4
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Andy Monaghan
  • Investor
  • Denver, CO
4
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17
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Get back rehab costs tax free?

Andy Monaghan
  • Investor
  • Denver, CO
Posted

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

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