2- Im trying to start this year because someone mentioned me. But for what I see I will always have loss and no profit if I report depreciation.
Example; rent income - mortgage int - depreciation = negative(loss). Does this ok?
Yes, you should claim the depreciation on your rental home, even if it produces a loss.
When you sell the home, the IRS will require you to re-capture the depreciation and pay taxes on it. Depreciation re-capture will occur on the sale, even if you don't take the deduction.
**Mark the post that answers your question by clicking on "Mark as Best Answer"