I have a rental. In 2021, I built another single-family rental on the same property. The man who rents house #1 did not pay rent in 2021 because he helped me build rental house #2. Questions: Do I still do a SCH E for rental #1? Can I still deduct expenses for rental #1, even though I've had no rental income? I am currently living in basement of rental #2, and the top floor is rented out, as of February, 2022. Can I claim any 2021 expenses for building Rental #2 before my renter moved in last month? My 2021 income exceeds the cut-off for the $25000 passive rental loss provision. Your advice will be appreciated! Thank you!
