3072764
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Where do I go to enter the loss of rental income for a part time home?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Where do I go to enter the loss of rental income for a part time home?

Loss of rental income is not reported on a tax return.

Income that was not received can never be entered as an expense or deduction on a tax return.

View solution in original post

2 Replies

Where do I go to enter the loss of rental income for a part time home?

Loss of rental income is not reported on a tax return.

Income that was not received can never be entered as an expense or deduction on a tax return.

Carl
Level 15

Where do I go to enter the loss of rental income for a part time home?

From a tax perspective, there's no such thing as "loss of rental income".  You only report rental income you actually receive. If you were not paid rent for a period of time for any reason, then you don't have that income to report anywhere on a tax return.

Take note that with an insurance payout on a claim, that payout will usually include an amount for "loss of rent". That specified amount "is" included in the rental income and gets reported as such.

 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question