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Business & farm
Looking at 2017's return, I didn't take the full year of expenses and depreciation. In the current year, on your third screenshot, I checked the last box "I did not rent this property at all in 2018." Then TurboTax prompted the following:
"Since this property was not a rental at all in 2018, you should delete it as a rental. Make sure to keep your complete return, including the Depreciation Report for this property, from 2017 (or the last year this property was used as a rental). You'll need that information when you sell the property or convert it back to a rental."
So it looks like I should delete this rental and work on the sale of the home in the "Sale of Home" section. Does this sound right?
"Since this property was not a rental at all in 2018, you should delete it as a rental. Make sure to keep your complete return, including the Depreciation Report for this property, from 2017 (or the last year this property was used as a rental). You'll need that information when you sell the property or convert it back to a rental."
So it looks like I should delete this rental and work on the sale of the home in the "Sale of Home" section. Does this sound right?
‎June 1, 2019
11:37 AM