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Subject:  Sale of Rental House Date:  6/24/2001  1:51 PM
Author:  jailleres Number:  52042 of 127747

My tenants left in Sept 2000 and I spent 6 months in the house fixing it up for sale. I hope to sell it this summer and am back at my primary home. Can I deduct this year's interest as a secondary residence? Or is it still a rental where I can deduct maintenance, depreciation, etc? There's not much benefit to calling it a secondary residence since I'll have minimal capital gains and still have $12K of accumulated depreciation. I'd be better off calling it a rental for 2001 even though it's been up for sale, not rent.

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