1464940 Posted March 7, 2021 Report Share Posted March 7, 2021 A client has his primary residence in the FLP for more than a decade and had always timely paid rent. Last year, he stopped paying rent due to the financial hardship and the FLP is in forbearance with the mortgage company as well. I'd think the expenses related to the rental such as insurance, depreciation, real estate property tax, etc. wouldn't be deductible since it is seems personal without the rental income. Does anyone have the same situation? Quote Link to comment Share on other sites More sharing options...
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