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rental burn total loss how do i handle it on my tax return

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rental house burn total loss...
rental house burn total loss in the process of doing repair to it when it burn.bought it for 20,000 put 20,000 in repairs.own it for 1 year no loan on property
Submitted: 9 years ago.Category: Tax
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Answered in 43 minutes by:
7/5/2008
Tax Professional: Marvin,EA, Enrolled Agent replied 9 years ago
Marvin,EA
Marvin,EA, Enrolled Agent
Category: Tax
Satisfied Customers: 1,672
Experience: Enrolled to Represent Taxpayers Before The IRS
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Hello and thank you for using Just Answer. Do you own more than one rental home? Have you filed a Sch. E with the IRS for any deductions for the home that was burn down in 2007?

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