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capzeis
New Member

Can I report expenses on rental property without revenue. The property is vacant for 1 1/2 year

I have a rental property but did not have any revenue in 2017.  Can I claim expenses like property tax, mortgage interest and  others

3 Replies

Can I report expenses on rental property without revenue. The property is vacant for 1 1/2 year

Because it is not rented (and was vacant for 1/ 1/2 year); you cannot claim expenses incurred for repairs or taxes. You can only claim amounts to your ACB to reduce your capital gains.

kerbare10
New Member

Can I report expenses on rental property without revenue. The property is vacant for 1 1/2 year

Can you claim the months your basement suite goes un-rented (for mortgage interest, insurance, and property taxes?  Our suite was rented 6/12 months in 2018 (due to slow market)

Can I report expenses on rental property without revenue. The property is vacant for 1 1/2 year

@kerbare10  - only if you have made a reasonable attempt to rent and can prove that you have, otherwise no.