- Joined
- Jul 12, 2024
- Messages
- 1
I am going to have a huge cap; gain on my rental that is closing jan. 2025, but all the expense receipts to fix it up are from 2024, is there a way to save the expenses and put them up to reduce the cap gains on sale next year? or do i have to put them on this year's taxes even though it ends up being a 'rental loss' for me, and inflates the cap gain in 2025 when the property closes... anyone got some thoughts? (not financial advice, i know, etc. etc.)