https://ttlc.intuit.com/community/tax-credits-deductions/discussion/rental-property/01/1237189#M131756 <P>Can I claim a loss on my rental property when the mortgage payments paid exceed the rent payments received for the year?</P> Wed, 26 Feb 2020 19:55:04 GMT triley3332 2020-02-26T19:55:04Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/rental-property/01/1237189#M131756 <P>Can I claim a loss on my rental property when the mortgage payments paid exceed the rent payments received for the year?</P> Wed, 26 Feb 2020 19:55:04 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/rental-property/01/1237189#M131756 triley3332 2020-02-26T19:55:04Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-rental-property/01/1237234#M131760 <P>No you cannot.</P> <P>Your rental property expense and the rental property income will either show a net profit or a net loss.</P> <P>You should be designating the rental property as an Asset to be depreciated which is an additional expense.</P> Wed, 26 Feb 2020 19:59:07 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-rental-property/01/1237234#M131760 DoninGA 2020-02-26T19:59:07Z