ThomasM125
Expert Alumni

Investors & landlords

You should delete the rental property, but make a note of the cost of the house and assets along with accumulated depreciation numbers, as you'll need them in the future if you sell the property or rent it out again.

 

You can deduct the property taxes as an itemized deduction, but it will only benefit you if you have enough in itemized deductions so that they are more than your standard deduction.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"