1. The lowest income to generate a filing requirement in Georgia is $6,700. Since your income of $0 is less than that, you are NOT required to file a Georgia return for 2019.
2.Yes, you can deduct the expenses on your federal return. Interest expenses, taxes, etc. You should ask your mortgage company about whether or not a Form 1098 will be generated which lists the interest amount for you.
3. In theory, this will generate a loss for 2019 which will be suspended until it has income to offset it. The catch is you can't claim the expenses in 2020 if they were incurred in 2019. So you may want to factor this into your decision on whether or not to file a Georgia return.
If it were me, I would set up the rental on the Federal return and claim the loss (you will also claim depreciation because it is a use it or lose it deduction). I would also file the Georgia return even if not required because it will make keeping track of the property a lot easier in the long run.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
