Welcome Guest. Register Now!  


For 2014 Tax Tips For Year 2014.


 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 03-06-2015, 10:07 AM
Junior Member
 
Join Date: Mar 2015
Posts: 1
Claim Loss

Hi,

We owned a house for 9 years and last August we wanted to move to a different house and we put the existing one on rent back in Aug last year. We hired an agent who helped us get the renters Towards the end of Aug, we had a renter and we signed the lease starting Sept 1'st last year.

For some personal reasons, we had had to break the lease and ended up paying $5000 to renters to break the lease and $2500 to Real estate agency who brought the renters.

Lease was broken on 30'th of August before renters moved in. Practically we did not have any income but only loss of $7500. Would I be able to report this loss and how?

Thanks a lot.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Sale of partnership interest at a loss: Can I claim this loss on my tax return? jcp1376 Income 1 10-07-2011 04:14 AM
How do I claim a loss on a 1099-MISC? nickcalled Income 2 04-09-2011 07:07 PM
Must you claim loss in current year or can you take in future year? dapert Rental Real-Estate 1 03-27-2011 12:18 PM
Can an S Corporation claim a loss despite the Officer/Owner's taking a high salary? Dwhite S-Corporation 1 02-03-2008 06:50 PM
Can I claim section 179 Deduction if I have a loss in my Corporation? cstatham Depreciation 1 08-22-2007 06:45 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.