Hi,
I did a 1031 exchange of my rental property. The new property, I bought, couldn't be rented in 2024 even though it was in the market. So, there was no income. However, I paid expenses like HOA and Insurance etc.
I see that all of my expenses are not deductible. What should I do? Can I show passive loss from 2024 in 2025?
Appreciate your suggestions in this regard.
Thanks
