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How do I remove a partially-rented out home from service?
Hi,
I stopped renting out my home at the end of the year, as it was a clean break and renting out wasn't worth it.
Do I simply remove this property from turbotax's Income & Expenses and start adding all of the mortgage in deductions & credits?
What happens to all of the prior year disallowed losses (supplies, depreciation)? Do these re-appear if I decided to rent out the property again? What if I dispose of the property without having renting it out again?
Thanks in advance
‎February 8, 2024
10:18 PM