I bought my condo in 2005 for $310,000. Rented it out in 2017, 2018 and part of 2019. Because of lockdowns, was unable to rent at all in 2020-2021. Spent $10,000 on repairs. Am paying $16,000 realtor commission.
I'm selling it for $277,000. I declared income on 2027-2019 returns. I have never declared depreciation. How will this impact my 2021 tax return - is it a deductible loss? Thanks.