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New client sold rental property 3/06. It was empty and not available for rent (because it was on the market) Jan - March. What is the correct way to treat her expenses (mortgage, utilities, etc) during that time?
Since the property was a rental, available for rent and on the rental market all expenses are schedule E item along with any income. Up for sale should have not effect on use of Schedule E, since any lease entered into will pass to new owner.
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