I sold my rental property on February 15, 2007, for $178,000. I paid $204,000 for this property on December 13, 2005. During this period of ownership, I also paid management fees.
Although I tried both with the management company and by myself, I never found a tenant for this property. How do I report this property on my tax returns? (M.Z., Phoenix, Ariz.)
Your property became a rental on the day you placed it in service. In your ... Log in to view full article.