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Level 2
posted Feb 23, 2024 1:09:17 PM

Rent Income Loss Related To Covid

We had a tenant that refused to pay rent from 2020 until the end of 2022. The tenant also refused to apply for rent aid (both the landlord and the tenant must apply). We could not file for eviction due to the moratorium.

 

So, we lost all rental income on this property for three years. Is there any deduction for this?

0 4 431
4 Replies
Expert Alumni
Feb 23, 2024 1:10:52 PM

No.  Uncollected rent is not deductible.  You cannot deduct what you never received.  

Level 15
Feb 23, 2024 1:11:27 PM

Unfortunately, no.  Loss of rent is not a deduction or an expense you can enter on Schedule E for your rental property.

Level 2
Feb 23, 2024 2:26:45 PM

Thanks.

Level 2
Feb 23, 2024 2:27:46 PM

Thank you.