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State tax filing
Hi, Yes, I've done Sch E in the years past and it seems we can continue that way. I've been thinking, I probably need to add the new building as an improvement to existing rental property entry, instead of making a new one. If I do a new one, then all remaining depreciation under the old one (from 2016) is sort of lost when I "stop using it for business" and gets added to base value? This being our primary residence, when we sell it we're tax free for gains up to $500K, provided we remain below that depreciation is truly lost?
‎June 3, 2019
1:06 PM