hahnmon
New Member

Investors & landlords

What if the property was out of service for the entire tax year for renovations? Turbo Tax has asked me to delete the property since it was not rented the entire year, but these erases all of the information needed for the following year when we put it back in service. What to do in that case? I have settled for putting zero expenses and zero income for last year, then I will add the renovations to TT when it goes back in service. Is this ok?