I own a rental unit in a building which caught fire in May 2023. I haven't been able to rent the unit since work is going on in the building. I didn't live in the property during 2023 and had a tenant lease going into 2024.
- How does this affect the question "Was this property rented for all of 2023?". It was intended to be rented for all of 2023 but couldn't be.
- Also what would the answer for "Days rented at a fair rental price" be? The number of days it was actually rented or the entire year?
- The insurance paid a certain amount for loss of use. Should I add that to the rental income I received?
- Finally, if the property is not in livable condition in 2024, can I still claim it as "Rented" and claim depreciation etc.?
