Hey there Carl -
Thanks for your help.
So, my insurance paid for nothing in 2022 in terms of loss of income (I reported the 2021 income from the insurance company as rental income for that tax year).
I'm not listing anything in the asset/depreciation because essentially (almost) whatever was damaged is being replaced - and the place had to be gutted. We're talking down to the studs.
This year, I might have to buy a couple of things that neither my insurance nor the HOA's insurance is willing to cover. But that's a 2023 issue -- I'll deal with those receipts when they materialize.
Aside from paying for the things I listed (management, maintenance, taxes, insurance, mortgage), my out of pocket expenses for repairs aren't massive (eg: a table and built-in cabinets that were damaged but contractors refused to sand & refinish).
What I was asking is if I can claim the mortgage principle as a loss since...I could not rent the unit out as it uninhabitable, and not due to any negligence on my behalf
