Other sources have certain loss limitations.2.

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

Now that I've had a bit of time to put in some info into rental hero, under the "profit and loss" section, you can save/print a PDF with details. 

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

This sentence, for example, seems completely unnecessary: "Thank you for your time and attention to this matter.

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.

I can afford to have the unit empty, but obviously don't want to do that, and am at a loss around what I should do going forward.

You can also recapture loss's in it compared to a C or S corp. so it does have tax planning benefits.  

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.

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.