Loss of Rent due to Casualty

[Stupidasur3]

In 2020, Hurricane Sally destroyed 3 mobile homes, tenant owned, in our Mobile Home Park.  Two homes, unlivable, still reside in my park, however tenants are unable to pay rent on those lots.  Can I take these "Lost Rent" payments as a Casualty loss on my tax return?  I don't have any insurance to cover loss of income.

[AmeliesUncle]

You haven't "lost" anything.  You just never received the income.

So you just don't report the income that you never received.   Therefore, it won't be taxable.

[PattiF · Accepted solution]

Page 4 of the following publication says that you don't deduct uncollected rent.

IRS Pub 527