Taz
Level 1
03-20-2020
03:31 PM
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Proseries. It just seems like I should be able to take these losses somehow. It was a rental property, but I had no choice in loosing it. The hurricane wiped it out. The insurance didn't cover it all, and then I had to sell it as is, because I had no money to fix it. The FEMA money went to the mortgage loan on the rental.
I want to move it to schedule D and take the $3,000 a year income deduction. At least I get something. Can I do this, since I no longer have rental property at all? And since the hurricane took my rental property away?