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Level 1
May 30, 2024
Question

Re: Rental Property with expenses but no income

  • May 30, 2024
  • 1 reply
  • 3 views

Rental property had no income in 2023 due to hurricane damage. Can a rental loss be claimed

for certain expenses while property was being renovated in 2023? 

    1 reply

    DoninGA
    Level 15
    Level 15
    May 30, 2024

    Loss of rental income is not an expense nor a deduction that can be entered on Schedule E.