Rehab Tax Question
I have just completed and sold a rehab. I bought it in Nov 2003 and sold it in Feb 2004. Because of the sale in 2004 do all items get deducted on next years 2004 return? Are there items that should be deducted for 2003? (example: interest paid in 2003) I don't want to lose a deduction by taking it on the wrong year. Please advise. Thanks!
Check the Rehab Reporting topic just a little further down the page.