Can I claim the expenses of my rental with no income from the rental due to repairs (2024)

• TurboTax Premier Online

‎June 5, 201910:18 PM

Vacant Rental Property: "If you hold property for rental purposes, you may be able to deduct your ordinary and necessary expenses (including depreciation) for managing, conserving, or maintaining the property while the property is vacant. However, you cannot deduct any loss of rental income for the period the property is vacant."

Vacant while listed for sale. " If you sell property you held for rental purposes, you can deduct the ordinary and necessary expenses for managing, conserving, or maintaining the property until it is sold. If the property is not held out and available for rent while listed for sale, the expenses are not deductible rental expenses."

From:IRS Publication 527

Vacant Rental Property: "If you hold property for rental purposes, you may be able to deduct your ordinary and necessary expenses (including depreciation) for managing, conserving, or maintaining the property while the property is vacant. However, you cannot deduct any loss of rental income for the period the property is vacant."

Vacant while listed for sale. " If you sell property you held for rental purposes, you can deduct the ordinary and necessary expenses for managing, conserving, or maintaining the property until it is sold. If the property is not held out and available for rent while listed for sale, the expenses are not deductible rental expenses."

From:IRS Publication 527

Why the hell does Turbo Tax ask if the rental property was rented and, if not, deletes the entire data for that rental property. Don't you people know that while the property was being refurbished, even if it takes a year with no rental income because the tenants trashed the property, you can still deduct expenses, depreciation, etc. I had to go back twice and reenter rental property data and ignore the check box that asks the question did you rent the property.

Fix your **bleep** program.

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