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You can still claim the property as being held for rental use (i.e., as rental property, deducting the same, typical rental expenses, including depreciation) since nothing has changed other than the tenants breaching the lease agreement as a result of nonpayment of rent.
You can still claim the property as being held for rental use (i.e., as rental property, deducting the same, typical rental expenses, including depreciation) since nothing has changed other than the tenants breaching the lease agreement as a result of nonpayment of rent.
On Turbotax question " Was this Property Rented for all of 2022? I should check box Yes, this property was rented all year. Since I did not collect any Rent payment for 16 months. Thanks
Yes, if the property was actually rented or available for rent all year.
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