in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
427167
You'll need to sign in or create an account to connect with an expert.
See this previous answer that relates to your question:
https://ttlc.intuit.com/replies/3848247
Vacant rental property. If you hold property for rental purposes, you may be able to deduct your ordinary and necessary expenses (including depreciation) for managing, conserving, or maintaining the property while the property is vacant. However, you cannot deduct any loss of rental income for the period the property is vacant.
Vacant while listed for sale. If you sell property you held for rental purposes, you can deduct the ordinary and necessary expenses for managing, conserving, or maintaining the property until it is sold. If the property is not held out and available for rent while listed for sale, the expenses are not deductible rental expenses."
See this previous answer that relates to your question:
https://ttlc.intuit.com/replies/3848247
Vacant rental property. If you hold property for rental purposes, you may be able to deduct your ordinary and necessary expenses (including depreciation) for managing, conserving, or maintaining the property while the property is vacant. However, you cannot deduct any loss of rental income for the period the property is vacant.
Vacant while listed for sale. If you sell property you held for rental purposes, you can deduct the ordinary and necessary expenses for managing, conserving, or maintaining the property until it is sold. If the property is not held out and available for rent while listed for sale, the expenses are not deductible rental expenses."
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Liangtwn
Level 2
in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
superlyc
Level 3
learning_about_taxes
New Member
danilol
Level 4
timeflies
Level 1