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Get your taxes done using TurboTax
@Anonymous wrote:in 2019 if you rented at fair market rent, you must report on schedule E your rental activities which would include depreciation.
You are technically not supposed to depreciate property placed in service and disposed of in the same year.
See https://www.irs.gov/publications/p946#en_US_2019_publink1000107322
‎September 19, 2020
6:16 PM