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Deductions & credits
@nelsonexe wrote:
.....no profits from the rental were ever gained.....
@NCperson's post is correct, but the above-quoted statement requires clarification.
Was the house a rental prior to the time your brother lived in the house? If not, was your brother paying rent and, if so, was your brother paying rent at the fair rental value? Did you ever report any rental income and/or expenses on your income tax return (Schedule E or otherwise)?
I am sorry for your loss.
‎August 21, 2023
7:40 AM
550 Views