uhtaxmba
Level 3
06-07-2023
04:30 PM
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Depreciation was not deducted since 2013. Rental was sold Jan 3, 2022, and was NOT rented in 2022. From what I understand the over $90K in depreciation which was allowable and reduced the basis of the sold rental can be deducted in 2022 by filing Form 3115. My question is since there is NO Sch E for 2022, and unless I override the adjustment line as it won't allow me to add a 481 adjustment as an adjustment, where do I put the amount of the adjustment? If I override Sch 1, Part II and manually add the adjustment, red flags abound for efiling.
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