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How can I claim expenses related to my rental property remodel if I didn't earn any revenue in the same year?
For the past several years, I had a rental property set up, and I claimed depreciation & expenses along with the associated rental revenue. In 2022 I didn't have an revenue because I spent the whole year remodeling. I have significant remodeling expenses for 2022 but zero revenue. When TurboTax asked if I have revenue I said no, so it completely removed the rental property from the return and now I can't figure out how to get it back. How do I get it back on the return, and can I claim the significant remodeling expenses if I didn't have any revenue in 2022? Thanks in advance for any help!
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March 19, 2023
10:42 AM