Deferring loss on unrented residential real estate

[cred65]

The property was vacant and no attempt was made to rent during 2015.  There are ongoing expenses; Mortgage interest, RE taxes, Depreciation, repairs.

What is the proper way in ATX  to defer loss?  Checking box 13 "to calculate at risk limitations" works and send the loss to Form 6198.  Any other suggestions?

Taxpayers AGI app. $106K.

TIA

[jklcpa]

These carrying charges should be capitalized as carrying charges on the unproductive real estate. To be capitalized as carrying charges, the expenses would have to be those that could be deducted if the property had been rented. See "carrying charges" in chapter 7 of pub 535 for how to make the election each year and the specific wording.

[Terry D EA]

Take Judy's advice here. Totally agree with her.

[kcjenkins]

Yes, Judy has it right.