jjoseph
New Member

Rented my primary residence 2017. Reviewing expenses (splitting personal & rental), looks like I am at a loss. Can I deduct? ($500/month rent, $12k expenses)

Rented my primary residence all of 2017. After reviewing expenses (splitting personal & rental), looks like I am at a loss of about $6k. Can I deduct this still? ($500/month rent, $12k expenses). What are the limits? The IRS information provided online is a bit confusing for Chapter 5 - dwelling unit.