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Investors & landlords
You're fine leaving it as a rental then. Many landlords were unable to get renters because of the pandemic.
When working it through, you "have" to enter a digit in the rental income section. Even if that digit is the number ZERO. If you leave the rental income section blank, the program will "complain" at filing time and won't let you e-file.
Note the following:
Since the property was "available for rent" during the year, you will indicate that the property was rented "the entire year". It's not going to raise any flags for that, just because you show zero income.
YOu can and should still enter any rental expenses incurred during the year. Things like utilities, yard maintenance, and repair or other costs you incurred while working on it, etc. That way, any expense deductions not allowed for 2020 because you had no rental income in 2020 to deduct them from, will be automatically carried over to 2021.
Just curious, do you have it rented out yet?