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Level 4
March 20, 2021
Question

HOW DO I STOP DEPRECIATION EXPENSE FOR A RENTAL PROPERTY THAT HAS BEEN SUSPENDED FROM RENTAL

  • March 20, 2021
  • 2 replies
  • 17 views

How do I stop Depreciation expense (in the tax software)from a rental that was not rented in 2020 (end of 2019) and client doesn't expects to rent in the next 2-3-4 years

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2 replies

March 20, 2021

If the rental ended in 2019, it does not belong on the 2020 return at all.  Delete it.

Just-Lisa-Now-
Intuit Community Champion
March 20, 2021
Save your depreciation details sheet from 2019 for when it becomes a rental again.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪