Can we deduct moving expense for renter

[VBoddicker]

On December 29, 2020 we closed on a house for our daughter who was divorced.  She is paying us rent for the house. Can we deduct the moving expense that WE paid for on the Schedule E?

[xmasbaby0]

Moving expenses are not deductible on a federal return except for certain active duty members of the military.

https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-re...

[VBoddicker]

Thank you for that link.  We've never had an investment property before so this is all new to us.  Thank you for your help!

[Critter-3]

Do some reading to get educated ... I hope you entered the home as a depreciable asset and are taking the proper depreciation on the Sch  E   if you daughter is paying a fair market rate for rent.   Start with the IRS pub 527. 

[VBoddicker]

We only "owned" the house December 29-31, 2020.  We will be having a tax accountant do our taxes next year and if necessary amending this one.  I just want to get it out of here.  Since we get a refund, I don't worry about filing on time.  Thank you for your help!