Capital gains on 2nd property rented 15 days.

Capital gains on 2nd property rented 15 days.

Rental Property Investor · Mount Pleasant, WI · Member since 2021 · 27 posts · 2 votes

I bought a condo and rented it to friend for 15 days then it did not work out. I did sell it owning it a total of 20 days. I paid 160k and sold it for $170k. I Did not invest any money in repairs. Question: is all my closing costs ( realators fee, county taxes, title company fees) deductable as far as Fed taxes regarding capital gains?

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  • Investor · Youngstown, OH · Member since 2017 · 2k+ posts · 2k+ votes
    3y

    I'd consult a CPA (I am NOT a CPA), but my understanding is that they are. 

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