tax question?

Question

I have a house in florida I was renting.. and the renters moved out in June. and the house was vacant for july, So I moved from SC to florida. and put my house up for sale or lease. How do I go about claiming the house in South carolina being I losing money on it.. Can I do that being that I could not get renters in there.
Thanks

Answer 1

you need to file a schedule E with your returns showing zero rents, real estate taxes, insurance, mortgage interest and deprecaition...this should give you negative income that can offset taxes levied on other income....get a CPA or an HR Block to help you...