rrt1966
Returning Member

Can I claim loss of income for rental property that I did not rent in 2019 but that I sold in 2020?

Hi everyone -  

 

I sold a second home (it was a condo) in 2020.  My tenant moved out end of 2018 and I did not rent it out for all of 2019 or 2020 until it was sold in April 2020.   So therefore no rental income for 16 months while I still paid the mortgage.  

 

What do I claim on my taxes for this?   The rental was not used for business purposes by me but the tenant never paid real estate taxes, insurance or monthly maintenance charges (I paid for that).   I guess I can't claim any passive activity loss?    But are there other losses or deductions that I can take?

 

Thanks,

Roland