skyworks
Level 7
09-28-2021
09:33 PM
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a small condo purchaseed at $23k, was a principal home for one spouse before married and moved out , they did not live and tried to rent for the last 5 years, did not rented out.
Previoud tax return had reported all expenses with out rental income, but no depreciation taken.
Now the Condo sold for $75k, my question is where should the sales report on form 4797?
Enter the sales in a disposition screen report on page 1 of 4797?
Or enter the sales in a depreciation screen report on page 2 of 4797?
Anyone had that situatuin?
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