Generally, a loss can only be claimed in the tax year when the investment becomes completely worthless or when there is a final determination that no further value will be recovered.If the REIT has officially liquidated, been declared insolvent, or issued a final report confirming that no additional distributions will be made, you may be able to claim the loss on your 2024 tax return.

The inspection showed more issues than we expected but the seller wasn't willing to negotiate so we cancelled in the due diligence period.

So now I have a whole different issue to deal with.

The property was impacted by hurricane Helene and there is no substantial damages letter issued (yet?)

issued guidance saying that you can use LLCs if you get approved to do so.

We have two main issues that I will outline below: HeatingTwo heating systems in the home.

Have a clause in your lease that landlord is NOT responsible for battery issues - tenant is.

Are you having issues finding a lender that can do this for you?

That (and insurance issues) are two big risks.

I am having the exact same issue right now.