AlanT
Expert Alumni
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Deductions & credits

Yes, you must still file an income tax return even though your net income is zero.  You must report your rental income and expenses. If the income minus expenses result in a loss, you will be able to claim this loss against future income.    

Unfortunately, you will not get any money back from the property tax you pay.  

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