Rental Property Fire Loss, how to report on taxes?
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Level 15

Rental Property Fire Loss, how to report on taxes?

Did your rental property burn to the ground and was a total loss? Maybe it was a hurricane, tornado or other disaster. Attached is a word document that explains how to deal with it on your taxes using the TurboTax program.

 

3 Replies
Level 15

Rental Property Fire Loss, how to report on taxes?

This response is solely for removing this post from the "unanswered" queue.

 

New Member

Rental Property Fire Loss, how to report on taxes?

No.  Property was sold.

New Member

Rental Property Fire Loss, how to report on taxes?

expenses incurred in 2019 exceeded rental income.. can i write off remainder in 2020?

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