I have a house for sale and live in an apartment. Can I treat the house as a rental property for tax purposes
Thursday, May 27th, 2010 at
12:08 pm
Comments (6)
I moved to TN and still own a townhouse in FL. It has been on the market for over a year. Can I deduct any part of the mortgage or expenses? I know I can deduct interest expense. If this were rented out, I think I would be able to deduct the HOA fees, and all expenses to offset the rent, or “income” recieved. In the situation with the house empty, can rent be considered 0, or a loss?
Repossession



