In 2017, I moved out of my rental and started to sublet it. A few months later I was forecasting a loss if I decided to fulfill my lease term and decided to terminate my lease after the last sublet tenant left. As a result, I was charged an early termination fee. Can I claim this as an expense on my Schedule E filings as my sublet income qualifies as rental income?
If so, do I file it under Other Expense and list it as an Early Termination Fee?
Thanks in advance!