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
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
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Tagged with: House For Sale • House Rent • Rental Property • Townhouse
Filed under: rent property
No you have to have rented it in order to call it a rental, no income from the house, no rental property on taxes sorry….
Nicht es sei denn Sie es wirklich heraus mieten. Wenn jedoch, Sie eine gutgläubige Bemühung zeigten, sie zu mieten, indem das Handeln solcher Sachen, legte Anzeigen in Lokalzeitung, geforderte angemessene Miete und Ausdrücke, KONNTEN Sie vorbei nach Ihre erste Anzeige quietschen. You' ll Notwendigkeit für, Renters angemessen häufig zu annoncieren zu halten, um zu zeigen, dass Sie wirklich sie mieten möchten. Versuchen Sie nicht, sie zu den Freunden zu mieten, oder Familie und einen Verlust zu behaupten, das IRS berücksichtigt gut diesen Entwurf.
Beachten Sie dass Sie can' t schließen $250K ($500K, wenn Sie geheiratet werden), des Profites (wenn überhaupt) vom Verkauf des Mieteigentums wie Sie kann für Ihren Wohnsitz aus.
No. You cannot claim anything if it is not rented.
Unless the house is rented and you are receiving income from the house no you can not claim it as rental .
You can either actually turn it into rental property and write off your expenses or you can rent it out,TEMPORALLY, with the full intent to sell it and not lose your profit exemption when you do sell it. In other words keep it on the market.
There are about 20 rules in between so see a tax professional or go to the IRS website and do some res]You can either actually turn it into rental property and write off your expenses or you can rent it out,TEMPORALLY, with the full intent to sell it and not lose your profit exemption when you do sell it. In other words keep it on the market.
There are about 20 rules in between so see a tax professional or go to the IRS website and do some research.
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