tax deductions for investment property

[dyu9999]

What is the name of your state? CA

Hi I rencently sold an invetment property in FL, I had it for 8 months without tennants, would appreciate the following advise

1) As the purchase contract, when I sold the house, I contributed to the buyer's closing cost, can I deduct this ?

2) I had it for 8 months without be about the rent out, someone told me I still can deduct the rent in addition to the mortage. Is this true ? What value should I use per month if there is such thing ?

3) What other expenses can be deducted for these months?

4) what schedule should i use ?

5) any good links for this type of tax information ?

Thanks so much

 

[abezon]

Hire a tax pro with experience in sales of rentals. You have way too many questions for us to help you here.