I'm a Florida snowbird, recently retired. In 2021 we rented out our vacation home for a few months and also had some personal use. I submitted my 2021 return without any entries for depreciation of the house. Since my rental expenses were much more than my rental income, my net total income on Schedule E was $0, even before considering depreciation. So that's why I didn't worry about it last year.
Now I think that was a mistake and want to correct that. When I go back and update TT to include depreciation and a few other expenses I previously omitted, I don't have any NET CHANGES on any of the important numbers (those shown on 1040-X). This is because my total income from this rental property is still $0. What does change is some of the numbers in the middle of Schedule E (line 6 through line 17). I think this is because TT prorates the number I entered to keep the expenses to be exactly equal to my rental income.
The worksheet that changed the most is my "Carryforward to 2022 Smart Worksheet" for Passive Losses Carryover (Line L for Vac Home oper exp, line M for Depreciation).
So, my question is, do I just need to keep this revised return for my own use (for correct carryforward to 2022 return) or do I need to send this 1040-X, with modified schedules, to the IRS even though my tax burden didn't change?
