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Investors & landlords
Q1. Yes, keep track of total depreciation allowed or allowable each year.
Q2. Sale of main home meeting all qualifications allows the portion of the home that was your main home to be exempt with only depreciation being recaptured.
Q3. See if you can find a friend that will let you use the downloaded version. I wouldn't expect online revisions.
Q4. Only space specifically rented for private use counts. A bedroom is a private space, close the door, sleep. A living room is not rented by one person for private use.
Q5. The IRS will accept any reasonable allocation as long as you use it consistently and have sound logic along with the paperwork and math computations.
Q6. The downloaded version will allow you to see and correct things more easily. It is easy to switch to the download version once you locate a friend or family member with a computer.
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