Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

34
Posts
3
Votes
Ma D.
  • New Jersey
3
Votes |
34
Posts

Tax question on extended vanacy

Ma D.
  • New Jersey
Posted

Hi everyone,

I purchased a "turnkey rental" package of two properties from a management company in Feb 2017. However, after almost one year they're still vacant. It did have to go through a construction period, inspection and the past few months search for tenants. But the fact is since my purchase they haven't been producing any income. In my K1 do I claim a loss for the year or since the search for tenants began? I'm hoping I can claim some of these in losses when I do my taxes soon. Both of the properties are on separate LLC.

Thanks

Loading replies...