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posted Jun 6, 2019 1:01:55 PM

I have a rental and the tenants did not pay rent for the entire year as they were in the process of filing for bankruptcy. Can I deduct the no rent received as a loss?

Did not receive rental income due to tenants filing bankruptcy.  Can I deduct the loss of income since I could not evict due to the bankruptcy?

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Level 15
Jun 6, 2019 1:01:57 PM

No. You just have less income on which you owe taxes.