- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
depreciated rental assets
i am using TT Premier. I took a rental out of service in 2018 and repaired it during 2019 and did not take any depreciation. i ended up selling rental property in 2020. Will, 1) TT will pick up my depreciation data from 2018 or will i have to renter depreciation data manually; and 2) IRS assume I took depreciation for 2019 even though I took it our of service?
March 23, 2021
9:36 AM