Can I still deduct rent property expenses such as utilities and HOA fees even though the house was unrentable because it flooded and is still in process of restoration?

Storm dropped 14 inches of rain over a year ago.

posted

Yes ... if you are restoring the property to put it back in service in the foreseeable future then you can continue to deduct the holding costs on the Sch E.

Can I deduct expenses spent on providing for my 19 yr old's living expenses outside of my primary home (rent, utilities, internet, food/ monthly stipend for bills etc

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Can I still deduct rent property expenses such as utilities and HOA fees even though the house was unrentable because it flooded and is still in process of restoration?

Can I still deduct rent property expenses such as utilities and HOA fees even though the house was unrentable because it flooded and is still in process of restoration?

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Can I still deduct rent property expenses such as utilities and HOA fees even though the house was unrentable because it flooded and is still in process of restoration?

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Can I still deduct rent property expenses such as utilities and HOA fees even though the house was unrentable because it flooded and is still in process of restoration?

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