General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated 3 months ago on .

Reporting taxes and seeking a tax professional for a settlement related to condo
I have a condominium that is unused due to disrepair, which needs to be addressed by the association.
Due to their inaction, a lawsuit was filed, and I received a settlement for the dwelling repairs and lost income.
I cannot proceed with the dwelling repairs as the building is not repaired yet. In the meantime, I have to pay taxes and would like to know how to report it and see if I can avoid taxes as I will need to put money into the dwelling repairs.
Also, if you can recommend a tax professional who specializes in rental/settlement cases in Florida, I would appreciate it.
Thank you in advance.