- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
My rental house in Hawaii was affected by the volcanic eruption in 2018. It's value dropped a lot, but it is still usable. Can I deduct any of the lost value?
posted
June 4, 2019
4:30 PM
last updated
June 04, 2019
4:30 PM


1 Reply
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
My rental house in Hawaii was affected by the volcanic eruption in 2018. It's value dropped a lot, but it is still usable. Can I deduct any of the lost value?
No, unfortunately you cannot deduct the decrease in market value of your rental property. This loss is an unrealized loss which will be realized only when you sell the property.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
June 4, 2019
4:30 PM
Still have questions?
Make a post