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Returning Member
posted Mar 6, 2024 11:00:58 AM

Unable to rent home because of loss of use on an insurance claim

If I was unable to rent a portion of my house because of an insurance claim, is there a way to get tax benefits from this?

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1 Replies
Expert Alumni
Mar 6, 2024 11:10:06 AM

No.  The house is only a rental when it is available to be rented.  If it isn't available to be rented because of repairs or renovation then it isn't a rental house at that time.  And there are no tax breaks for money that you didn't earn.  But you may have a claim against your insurance.

 

@abc100