Have another question here. I have another rental that was sold in Feb 2021, tenant moved out last year so no rental income for 2021, however there are utilities bill and other expenses still needed to pay in 2021. In this case, for next year, do I enter the sale info in ....
A. 'Rental and Royalties' Sale and depreciation section or
B. 'Sale of Business Property' section?
If A then can TT accept 0 as rental income?
if B then how to allocate 'Asset sale price', 'Land sale price' and their portion of sale expenses to calculate the correct depreciation?
Please advise. Thank you.
