itonewbie
Level 15
03-06-2020
11:29 AM
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If your client had rented out the time share, part of those expenses may be deductible against the rental income under §212. Otherwise, these are nondeductible personal expenses. You can't deduct them when the property is sold either since costs of repairs are not to be capitalized as part of the basis.
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Still an AllStar
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