Announcement

Collapse
No announcement yet.

Non- Income producing Property deductable expenses

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Non- Income producing Property deductable expenses

    I have a partnership made up of rental real estate properties. I have one that is not income producing, nor is available to rent by the partnership. I assume I can still deduct Mortg interest and Prop taxes, but where on form 1065 would I post, as all other activity is on form 8825?
    Haven't come across a situation like this and want to make sure not missing any legit deductions.

    #2
    I think you need to capitalize everything until the property does become income-producing.

    Comment

    Working...
    X