@ColeenD3 Thank you. About "the rental loss will be on your 2021 return", I am trying to understand if the loss can be deducted from total income? I did listed as rental in 2021 but not rented out until Feb 2022. So I have no income. I want to know whether the rental loss can only be deducted from rental income?
For example, I total income have two parts A + B. B is rental income. But I have rental loss C. Does my total income equal to A+B - C? Or is it A, if B - C is negative? If the loss can not be deducted from total income, what is the point of reporting the rental loss in my case of making 0 rental income in 2021?
