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You cannot claim a loss on income you never received however you can claim property taxes as an itemized deduction.
Please note that the new tax plan sets a new $10,000 limit on deductions for property and state and local income taxes. The three taxes have a single combined limit, so taxpayers in income tax states could lose all or part of their property tax deduction even if their property taxes are below $10,000. This limit goes into effect for 2018 taxes filed in April 2019.
You cannot claim a loss on income you never received however you can claim property taxes as an itemized deduction.
Please note that the new tax plan sets a new $10,000 limit on deductions for property and state and local income taxes. The three taxes have a single combined limit, so taxpayers in income tax states could lose all or part of their property tax deduction even if their property taxes are below $10,000. This limit goes into effect for 2018 taxes filed in April 2019.
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