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Deductions & credits
Thanks for the repsonse, I am not sure what was my case. After mother passed away, it was empty, I need some one to use the propery while it was on sale for about 2 years. Finally sold and try to figure out the expense if I can. I do not have any expense claim except the propery tax. Rent income was small compared to the high property tax.
My question in my case, can I use the property tax as expense. If yes, all of it or only 20%? I think it is reasonable to use the 20% of propery tax as expense.
‎January 14, 2022
1:53 PM