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nkulesh
New Member

How am i able to deduct for lost rental income.

Received $300 in a 7-1/2 month period. Rent was $700 a month
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Accepted Solutions
KrisD
Intuit Alumni

How am i able to deduct for lost rental income.

You never report "lost income".

You only report income and expenses.

As far as the IRS is concerned, you can't "deduct" something you never received.

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2 Replies
Carl
Level 15

How am i able to deduct for lost rental income.

There's no such thing as lost rental income. You can't lose that which you were never paid.
KrisD
Intuit Alumni

How am i able to deduct for lost rental income.

You never report "lost income".

You only report income and expenses.

As far as the IRS is concerned, you can't "deduct" something you never received.

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