Hi @PatriciaV,
Thanks for your reply!
The Depreciation for the 4 months in 2024 that I still owned the property is showing up on Schedule E, line 18.
When I enter the information for Form 4797, there is a box for (e) Depreciation allowed or allowable since acquisition. My question is whether or not the amount in that box should include the amount on Schedule E for 18 - Depreciation expense or depletion.
When I look at the Form 4562, the rental home asset isn't showing up at all, just the business mileage I input for my truck.
Maybe this has to do with the fact that I originally lived in the home, then rented it out?
I also have passive activity losses. I don't see that those are being brought in anywhere? Should those cancel out some of the accumulated depreciation?
Thoughts?
