- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
So say the rental wasn't advertised as being rented beginning 1/1/23 and the closing of the sale of the rental property was on 11/1/2023. The rental use should be converted to personal as of 1/2/23 - do I do this by entering 1/2/23 as the disposition date in the depreciation detail even though the sale was 11/1/23?
Also, any rental expenses from 1/1/23 - 11/1/23 would not be reported on Sch E. Would mortgage interest and property tax go on Sch A? Also, if there are any expenses that qualify as "selling expenses" would be able to reduce selling price?
‎June 12, 2024
7:22 AM