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Reply to Mark D's Post: Mark,

    I am confused with your answer. I payed out $1,600 a month for principle, interest and property taxes. This went on for 17 months. During that time, I established a permanent residence in another state. So, this house was not my permanant residence. As a result, is there any way that this house could have been consided a rental/investment property that produced no income until it sold. That is could I claim a loss of projected rental income based on fair market value while it stood idea. I was always flexible if someone wanted to rent it. I understand that I am entitled to write off the interest and property taxes, but could I declare a loss based on projected rental income if it was a rental. Additionally, if this is possible, could I depreciate it also? Need to know how you would approach something like this. It seems that if I was living in another state and rented a house as my new primary residence that this house should be considered something different then another primary residence.

V/R
Ernie