I have a client with 2 rentals. She is letting family live in one for now, but will turn it back to a rental afterwards. How can I suspend the rental in the software so I don't lose all the depreciation etc and the
Can't find a disposal section. I see a disposition link, but that seems to be for non-depreciable assets. The software is still combining the two rentals for a total loss on the E.
which software are you using? If ProSeries, go to the asset entry worksheet(s) of Sch E and scroll down to the Disposal section and enter the date it was taken out of rental service.
