Updated about 6 years ago on . Most recent reply
Write-offs on long-term/short-term rental
This is my first year with a residential rental. I moved out of my condo at the beginning of 2019 (and am renting in a different city). I rented my condo that I own and moved out of to a friend for a 6-month lease at a loss. Then, I turned it over to an Airbnb management company, and lost more (2 excellent financial decisions). Am I able to write-off either of these losses on my tax filings? I know I'll have to consult an accountant, but I at least wanted a general idea of whether I am able to get write-offs for the losses or not on either/both the 6 month lease or airbnb.



