DavidD66
Expert Alumni

Investors & landlords

It depends on why it didn't generate any income in 2020.  If you took it out of service (were not trying to rent it), unless it was for repairs, you cannot deduct any expenses as rental expenses.  The tax and interest can be added to your basis.  If you converted it to personal use for 2020, then you can deduct the mortgage interest and taxes as itemized deductions.   If the property was available for rent, but you could not find a tenant, then your interest, tax, and other expenses like utilities and lawn care are deductible rental expenses.   

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