Question

I have a rental property, and my tenant has not paid rent for the past three months. I don’t expect that he will pay me for those three months. Can I report a loss on my tax return for the unpaid rent? And what happens to my tax deductions during the time that this deadbeat didn’t pay me the rent?

You are asking two basic tax questions:

Can you write off the loss of income for the unpaid rent?

Can you deduct rental expenses during the time this deadbeat did not pay you?

You have the same questions that many taxpayers have in this and similar situations. This article explains how you treat the loss occurring from unpaid rent and the deductibility of rental expenses during this period. ... Log in to view full article.