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    • Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
    Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
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    AirBnb

    pvilarreal
    Level 1
    ‎02-03-2021 11:03 PM

    Los Angeles required my clients to shut down their Airbnb.  Threre is $1200 remaining on the depreciation schedule.  Not sure if LA will allow them to reopen.  What should I do with the Depreciaiton Schedule?

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    1 Comment 1
    Just-Lisa-Now-
    Level 15
    Level 15
    ‎02-04-2021 06:58 AM
    If they were shut down due to Covid, AirBnBs will be allowed to reopen at some point. I wouldn't do anything with depreciation, its just a temporary situation.

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