We brought our house 2 years ago and now it's worth less than we paid for it. It's currently on the market but there's been very little interest in the place.
We have been forced to move to another city for work reasons, and are currently renting an apartment.
We have the option to rent the house for $500 less than the mortgage payment. Is there any tax deductions we can get becasue we would be loosing money?
Would very much appreciate any help here. Thanks!