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I'm no tax lawyer but I think you get to deduct the costs whether or not the apartment is rented out. Also you can only deduct costs from revenue. This is no VC

by llampx 6y ago

I'm no tax lawyer but I think you get to deduct the costs whether or not the apartment is rented out. Also you can only deduct costs from revenue. This is no VC backed entrepreneur with a growth story where you get more money with a negative contribution margin. ;)

MetalGuru 6y ago
If it’s not a primary residence, you don’t get to deduct the taxes from other sources of income. It’s restricted to deducting from rental income. You can carry the loss forward though.