Seasonal rental not rented one year, need to claim depreciation?
Mastering Rental Property Finances for Tax Season
If you rent your home on and off on a seasonal basis, but you don't rent it one year, do you still need to claim the depreciation for that year?
Question ID: 6604351 Status:
Open Feb 06, 2025 - 01:21 AM
1answer
Answer
Feb 06, 2024 - 01:22 AM
If you were offering it for rent, the property is still in service, so technically it's still a business. You just didn't get any customers. If you took it out of service, you maybe wouldn't report. It depends on the circumstances, actually.
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