If even 1 tenant was not paying on time, it would report a loss.

By late October, after 60 days of vacancy and two rent reductions), the same Dundee RTR listing remained advertised on RTR’s inventory site at their initial rent projection.I have been working with RTR’s client success manager through these issues, and I am cautiously optimistic RTR will act in good faith to help offset the losses here once it’s finally rented.

I honestly wouldn't even trust anything QB is telling you when it comes to taxes.You're in a partnership, which acts like a conduit to pass through the income/loss of the activity to the individual owners.

If you can't get flexible terms to get the deal to work, then you lose your shirt on losses.

My loss was only $500 BUT I didn't follow my instincts and I got burned.Please BEWARE of an email from Jason N Coogler from Prime Access Loan located in Perry, GA.

If so, what success or loss have you had with in since Covid19?

Someone told me its very hard to sell these properties and you have to sell them at a loss if you want to get rid of them.

Your profile mentions that you are an agent with rentals.You would want to see if you are able to claim real estate professional status.If you are able to claim real estate professional status, you can potentially offset the rental losses with your real estate agent income.Furthermore, TN does not have a state income tax allowing you to be more open with your options.Best of luck

Tenants in arrears due to “loss of income related to COVID-19” have a six-month grace period—without late fees!

Hey Nitesh, so sorry for your loss.