Investors & landlords

According to IRS Pub 527 Idle Property:

   Continue to claim a deduction for depreciation on property used in your rental activity even if it is temporarily idle (not in use). For example, if you must make repairs after a tenant moves out, you still depreciate the rental property during the time it isn’t available for rent.

In this case, either say it was rented for one rental day, but enter no income or expenses. This preserves the historical information (a work-around for TT limitations).

Note that when you indicate that the property was not rented during the year, all historical information (including Schedule E) will be deleted from your return (see screenshot below - click to enlarge). Be sure you have a copy of Schedule E and the depreciation report from last year. You will need this info if you rent the property in the future, or when you sell the property.