- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Thanks for the response. Property was listed for sale and sold it in May 2020 for a loss. Was able to enter the loss on selling the rental property. But not able to enter the mortgage interest or property tax. When I answer the question that it did not generate any income for 2020, it does not accept these expenses anywhere. Does that mean, these two expenses can be deducted only from the income it generated. In my case, it did not generate any income and hence I cannot deduct these expenses?
‎February 15, 2021
1:53 PM