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Okay here's one for you...I bought a house in Nov. 1998. I have renovated it and it is now on the market to be sold. I have never lived in it and it was never rented out. I have a couple of questions:

Can I write off the closing cost of the purchase (no points were payed), usually you can with a primary residency but what about with an investment house?

Also, what forms are to be filled out to claim my renovation expenses for this house, turbo tax keeps sending me to the Sch. E, (rental properties...)is this correct?

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