I inherited farm land that I rented to a farmer for 16 years. A retrospective appraisal indicated that the property lost value over the years. Turbotax won't let me enter this as an investment, as it deletes the information as soon as I say that it was rental property. It won't let me enter it as rental property either, because I didn't have any income from the property during 2017.
How should I report this? Should it be reported? Can I claim a deduction for the decline in value?
