Lost rental income
$0
Can You Write Off Lost Rental Income?
Short answer: No: rent you didn't collect or didn't get because the unit sat empty isn't deductible.
Insurance payouts for lost rent are taxable income.
Records to keep: Keep leases, receipts, a log of repairs vs improvements, mileage to the property, and closing statements.
BW-B23-00632
high risk
Lost rental income
$0
Real Estate / Landlords / Property Managers / Agents
Rent & Facilities
Rental Property Write-Offs
No: rent you didn't collect or didn't get because the unit sat empty isn't deductible.
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
No: rent you didn't collect or didn't get because the unit sat empty isn't deductible. Insurance payouts for lost rent are taxable income.
Category
- Rental Property Write-Offs
rental property
search demand 2026 b23
rental income
losses vacancy