puravidapto
Level 8
09-17-2023
10:47 AM
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A taxpayer converted a rental to primary home from 1/1/2019 and then sold his home in 2022. I would like to create a depreciation entry and complete home sale from there. The problem is if it creates a current year depreciation (even I put the disposition date rental stop date 12/31/2018, it computes depreciation as if date were 12/31/2022, i.e. it ignores the year).
My workaround is to put the cost basis as 0, but I do not like it as the information is lost. What would you do for this situation? Thanks.
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