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userberry-caper
Level 1
March 15, 2021
Solved

Hello, I have lost about $10,000 in 2020 in Aibnb income because of Covid, which was declared a natural disaster. Can I claim this loss in my 2020 tax return and where?

  • March 15, 2021
  • 1 reply
  • 11 views
I have looked through the sections for deductions in TurboTax but can't find where to claim this. Thanks.
Best answer by DoninGA

Loss of rental income is not an expense you can deduct.  If the property was available for rent all of your expenses can be deducted whether you had renters or not.

1 reply

DoninGA
Level 15
DoninGALevel 15Answer
Level 15
March 15, 2021

Loss of rental income is not an expense you can deduct.  If the property was available for rent all of your expenses can be deducted whether you had renters or not.

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