Per IRS publication 527 Publication 527 (2022), Residential Rental Property | Internal Revenue Service (irs.gov)
Vacant rental property.
If you hold property for rental purposes, you may be able to deduct your ordinary and necessary expenses (including depreciation) for managing, conserving, or maintaining the property while the property is vacant. However, you can’t deduct any loss of rental income for the period the property is vacant.
Problem is Turbotax is making me delete the rental property, if I say '0'. If I delete it I cannot list any of those expenses. In addition to having no place to report expenses, I also dont know where to report the rental income that I got as advace and security deposit.
It looks like in one of the questions an 'expert' answered "You can do this if the property was available to be rented (was not used for another purpose), but you had no tenants. You also can deduct "holding" expenses and depreciation for the property during this period." i am not sure if that applies to me.
