@Opus 17 wrote:
@Anonymous_ wrote:
Unfortunately, the expenses incurred (if property is treated as an investment) would be miscellaneous itemized deductions on Schedule A and those deductions have been eliminated, for the 2018-2025 tax years, by tax reform (the TCJA).
Even if the taxpayer never lived in the home as their main home, and this is treated as investment property, I believe the mortgage interest and property taxes that they paid can still be deducted as schedule A itemized deductions.
That is correct and I revised the quoted statement to include the word "investment" before "expenses".
