Tax question about rental vs flips
Good Morning,
I thought I saw a thread here several months ago relating to what can and can't be deducted on rental properties vs. flips. Unfortunately, I cant seem to find it now.
I have a home that I initially intended to rent out in 2017 but later decided to sell it. I'm wondering if and how that affects the deductions I may take. The property in in New Jersey.
Thanks for the responses and have a great day!!