AboutHelen P. O`Planick, EA Expertise I am a tax professional, with experience in individual taxation. I would prefer not to answer questions about non-resident aliens or corporate taxation. Please do not ask me state related questions, unless the state is Pennsylvania. There are 42 taxing states and 42 TOTALLY different sets of state tax law.
Experience I have been preparing tax returns almost all my life. I have been in professional practice for 25 years and I am enrolled to practice before the Internal Revenue Service.
Organizations National Association of Enrolled Agents
Publications I am a prior Money Magazine Tax Test taker and have been quoted extensively in all media including monthly periodicals and books by tax authorities.
Question I live in Wisconsin but rented own home in Pennsylvania to my son and his family. They have fallen on hard times and have not been able to pay their rent. Can I claim the rent I have not received as a captial loss, or is there another way cover this loss on the Tax Return?
Answer Sorry, but no. If you did not receive the rent, you do not claim it. You can still take expenses as long as you are charging your son what you would charge me for the rental.
If not, your loss is whatever it is or -0-, but no lower than -0-.
