Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
P
PRGearup1
February 4, 2025
Question

rental

  • February 4, 2025
  • 1 reply
  • 0 views

Rented condo for several years. Last year it was advertised for rent but never a renter. Can I write off the rental loss and depreciation, mx, etc (with some personal use). How do I enter the loss?

    1 reply

    R
    RobertB4444
    February 4, 2025

    As long as the property was available for rent (keep documentation to prove that) then the rental expenses are still valid.  Just enter the rental property as you normally would with your rental income as zero dollars.

     

    @PRGearup1 

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
      P
      PRGearup1Author
      February 5, 2025

      Thanks but it asks,  "days rented at fair market value" and then "personal use" I put 120 days personal use. So do I put 240 days "rented" at fair market value even though I did not get anyone but had it up for rent on Zillow, or put "0" which the form then shadows red.? 

       

      Doug

      R
      RobertB4444
      February 5, 2025

      Yes, you will put 240 in the days rented at fair market value since it was on Zillow and available to rent at a fair market value the entire time.

       

      @PRGearup1 

      **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
        TurboTax Sign In Widget
        TurboTax flag icon

        Unlock tailored help options in your account

        Create an account
        TurboTax Expert Assist
        TurboTax Expert

        Get answers to all your tax questions

        Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

        Terms & ConditionsAccessibility statement
        Intuit
        TurboTax Credit Karma QuickBooks MailChimp

        ©1997-2022 Intuit, Inc. All rights reserved.
        Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
        of Intuit Inc. Terms and conditions, features, support, pricing, and service options
        subject to change without notice.

        Security Certification of the TurboTax Online application has been performed by
        C-Level Security.

        By accessing and using this page you agree to the Terms of Use.

        Accessibility

        TRUSTe nResult Certified e-File C-Level Security Certification