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Level 1
April 22, 2020
Question

How can proseries preserve the depreciation schedule for future use, because currently in tax year 2019 depreciable property has not been rented

  • April 22, 2020
  • 2 replies
  • 20 views
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2 replies

IRonMaN
Level 15
April 22, 2020

Put in a retirement date in the asset worksheet but don't enter a dollar amount in the sales price box.

Slava Ukraini!
Just-Lisa-Now-
Intuit Community Champion
April 22, 2020

Why wasn't it rented?  Is it still a rental property?  Were they doing work to it that made them unable to rent it?  Just because they didnt have any rental income for a year doesnt mean you cant still deduct depreciation...youd need to provide some facts and circumstances to know for sure.

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