Mexico rental property rented 7 days - no personal use

[David]

TPs own a condo in Mexico that they rent out. In 2015 they did not use the condo and they rented it out for 7 days.

Are the TPs able to report 100% of the condo expenses? This will more than offset the revenue received. Expenses were for items such as repairs and maintenance, condo dues, management fees, property taxes, cleaning, etc. Any loss would have to be carried forward as the TPs have high income.

I can't find anything in my research that says that the expenses have to be prorated to only 7 days since the TPs did not have any personal use days.

Thanks for your help.

[michaelmars]

was it available for rent all year and they just couldn't find a tenant?  If so and if they are renting or trying to rent it in 2016 then yes.

 

[Catherine]

Rules are on the market as available, or actually rented, the whole year, not that it has to be rented out a minimum of X days.  

[David]

Thanks for clarifying.