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Rental property question
I have an LLC registered in KS that i bought in Oct 2021 and have an rental property under the LLC. There is no rental income for this property in 2022 , and i have incurred over $4k in rennovation expenses. Two questions: 1) Since i did not have rental income in 2022, should i file returns?
2) Can i claim deduction on rental income loss(since i had a rental agreement to get 5k$/month in rental income)
3) Can i claim expenses as deduction?
Thanks,
‎February 22, 2023
11:03 AM