Son and Parents Bought home in 1999, Parents used it as Main Home. It was rented out for 12 months between July 06 and 2007. Home Sold in 2024. Son filed Sch E in 2006 & 2007 using Turbo Tax. Sch E Line 20 for both years shows Depreciation deduction as 0. Does this make sense, is there a reason why depreciation was limited to 0? It is concerning as I read that this depreciation should have been take if it could have been taken. Calculating basis for 2024 tax filing, figuring depreciation recapture, is it possible that depreciation was indeed 0 for 2006 and 2007? Does AGI limit have something to do with it? Please help, Thank You!
