Re: Hello, I have lost about $10,000 in 2020 in Aibnb income because of Covid, which was declared a natural disaster. Can I claim this loss in my 2020 tax return and where?
Announcements
Do you have a TurboTax Online account?
We'll help you get started or pick up where you left off.
Hello, I have lost about $10,000 in 2020 in Aibnb income because of Covid, which was declared a natural disaster. Can I claim this loss in my 2020 tax return and where?
I have looked through the sections for deductions in TurboTax but can't find where to claim this. Thanks.
Hello, I have lost about $10,000 in 2020 in Aibnb income because of Covid, which was declared a natural disaster. Can I claim this loss in my 2020 tax return and where?
Loss of rental income is not an expense you can deduct. If the property was available for rent all of your expenses can be deducted whether you had renters or not.
Hello, I have lost about $10,000 in 2020 in Aibnb income because of Covid, which was declared a natural disaster. Can I claim this loss in my 2020 tax return and where?
Loss of rental income is not an expense you can deduct. If the property was available for rent all of your expenses can be deducted whether you had renters or not.
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.