Non- Income producing Property deductable expenses

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  • MichaelDi09
    Member
    • May 2009
    • 44

    #1

    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.
  • Maude Lebowski
    Member
    • Jun 2015
    • 75

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

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