12 months idle rental real estate

[berger142]

if a long term rental property has been vacant for 12 months, no repairs, not advertised for rent, no rental income and questions answered correctly in software the property drops off schedule E, the property is almost fully depreciated, however there is a small mortgage & property tax my questions are 

1) is Taxpayer allowed to write mortgage/taxes off on schedule A?

2) will the fact that property is being left off Schedule E...will this trigger an audit?

Thank you

[Critter-3 · Accepted solution]

1) is Taxpayer allowed to write mortgage/taxes off on schedule A?  Yes if it qualifies as a second home.

2) will the fact that property is being left off Schedule E...will this trigger an audit?  No ... this is common.

[berger142]

 Thank you for your answer, I know if you apply for a mortgage a second home needs to be a certain distance away from main home, this property is in the same city so I just want to confirm. Also the property no longer shows on  schedule E, so when you put the mortgage/taxes on schedule A do you show the address?

The taxpayer has a first and second mortgage on their primary home so this will result in 3 mortgages shown on Schedule A

thank you very much!

[Critter-3]

Read up on the rules here :   https://www.irs.gov/pub/irs-pdf/i1040sca.pdf

[berger142]

Thank you

[berger142]

thank you