- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Loss of Rent due to Casualty
In 2020, Hurricane Sally destroyed 3 mobile homes, tenant owned, in our Mobile Home Park. Two homes, unlivable, still reside in my park, however tenants are unable to pay rent on those lots. Can I take these "Lost Rent" payments as a Casualty loss on my tax return? I don't have any insurance to cover loss of income.
ā€ˇFebruary 6, 2021
12:13 PM