Thank You! I have another question, I have deductible $6,000.00 for water damages in my rental house, can I report as deduction on my rental Schedule E tax return? I also received some money for loss of rental income from insurance company on January 2018 but the rental loss income from a few months of 2017. Should I report loss income in 2017 or 2018 tax return? Thank you so much for help!!
