How do you enter the removal of a rental prop that has reverted back to personal use? Rented for first five months of yr and then used as a pers residence for 7 mos
How do you enter the removal of a rental prop that has reverted back to personal use? Rented for first five months of yr and then used as a pers residence for 7 mos
Will the program automatically compute depreciation for the 5 month rental portion of the year? What do you enter to make this depreciation allocation since it is not a taxable disposition of the property. The house was rented for the first five months of the current year and the owners moved in and are using it as a personal residence thereafter.
--------------------------------------------------------------------------------- Still an AllStar
0
Cheers
You are leaving Intuit Accountants Community.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.
