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Sale of Vacation Home rental. Entered to delete next year...final year 2021. Lacerte not taking prior year carryforwards....still have carryforwards to 2022. What entries do I make to take all expenses 2021 and no carryforwards to 2022?

SodaMissy
Level 1

Sale of Vacation rental home.  Entered 2 to delete next year to take all expenses for 2021.  Lacerte still showing carryforwards to 2022.  Need help with entry to get the program to take 2021 expenses and no carryforwards to 2022.

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3 Comments 3
George4Tacks
Level 15

Was the vacation home sold? Was it a total disposition and you indicated that in the sale input? 


Answers are easy. Questions are hard!
tyler919
Level 3

Are the carry forwards all Depreciation items?  If so, make sure in the Sale you have "sold" all of those items in their respective depreciation screens. 

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sjrcpa
Level 15

The vacation home rules still apply in the year of disposition. You do not necessarily get to claim all of the expenses.

The more I know, the more I don't know.