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Do I report capital costs now on an investment property on which I receive no rent because of extensive repairs and renovations?
It is a second property and I will rent or sell it in the future.
March 4, 2025
5:29 AM
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Troubleshooting
No. You would add those capital costs to the Adjusted cost base of the property when you sell it.
Thank you for using TurboTax.
April 25, 2025
2:21 PM