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Buying and Selling Rental Real Estate Same Year
I bought a house in Aug, 2022, to rent out. I instead chose to fix/flip. I sold in Dec, 2022. TT Home and Biz is calculating depreciation. I'm sure I can't take depreciation, since it's the same year purchase/sale. Is that a problem?
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‎January 2, 2023
7:20 PM