Can I deduct my losses for a water leak in my apt I rent

daviddkny2001 · ‎January 31, 2020

HelenC12 · ‎January 31, 2020

Yes you can deduction repairs but only for the rental percentage, which if you lived in the apartment, is not 100%.

To enter, see Where do I enter income and expenses from a rental property?

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TomD8 · ‎January 31, 2020

Are you the landlord or the tenant? If you're the tenant, those are personal losses. Personal casualty and theft losses of an individual, sustained in a tax year beginning after 2017, are deductible only to the extent they’re attributable to a federally declared disaster.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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Can I deduct my losses for a water leak in my apt I rent