Otherwise they are capitalized as start-up costs and deducted in the year in which you are considered to be in business.Being in business depends on the facts and circumstances related to your business.

We have a very unusual set of circumstances affecting the market right now and its unclear exactly how things will unfold the next few years.

Check with a CPA because it may qualify as a deduction under other circumstances.

They're going to leave no matter what given certain life circumstances, so try to leverage what you can and move on

In certain circumstances, if you actively participated in passive rental business, you may be able to deduct up to $25,000 in losses against your W2 income.

If your nephew continues to live in the property and it is not rented out at market value, it may be difficult to argue that it is being used for investment purposes.It's important to note that tax laws can be complex and vary depending on individual circumstances, so it's always a good idea to consult with a tax professional or financial advisor before making any decisions.

I could walk you through all the steps of a regular eviction - they're not difficult - but this is irregular given the circumstances, and so far no one from NH has replied to this post with any concrete answers on how to proceed.

Second, I think you have to think of your personal income and speak with a reputable accountant to make sure that whatever suggestion you get from anyone on here, that it does not effect you negatively in your specific circumstance. 

If you make an exception due to extraordinary circumstances then you've effectively modified the lease so put the one-time exception in writing.

Such an adjustment may be approved only if, based on a review of relevant factors, the commissioner concludes that such an adjustment would eliminate an extraordinary burden on the applicant in light of unique or unusual circumstances and would not detrimentally impact the health, safety, or general welfare of surrounding property owners or the general public.