I bought a property 20 years ago for my myself. I lived in it for a few years and then rented it for many years. I have now sold it.
- I do not have records of the closing (and other) costs of when I purchased the property. What should I do to fill in my IRS forms?
- While the property was not rented and was being renovated for sale and during the time the property was on the market for sale, I incurred expenses like electric, water etc. Where do I enter these expenses in my IRS tax return?