Start with your cost basis and add the settlement costs on purchase, improvements and closing costs on the sale to the basis.
Your expenses for the time rented are taken on Schedule E for the year you paid them. The expenses when it was not available to rent are not deductible. This is a personal expense. ( mowing) $360. Insurance $502 (2/16 - 7/23), HOA $310 (2/16-7/23), Utilities $411 (2/16-7/23).
Vacant while listed for sale. If you sell property you held for rental purposes, you can deduct the ordinary and necessary expenses for managing, conserving, or maintaining the property until it is sold. If the property is not held out and available for rent while listed for sale, the expenses are not deductible rental expenses.
