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Rental not available for rent 2024, fixed ans sold 2025. How to report 2024
We had a rental the remained unrented in all of 2024. It had been a rental in the prior 10+ years
We did not attempt to rent the property in any of 2024
After significant expenses in both 2024 and 2025 the property sold
My understanding is all those expenses should now be used to adjust our basis?
By default, the 2024 TurboTax return wants to take depreciation for that year. I think I should not be taking that depreciation?
How to I report all of this in my 2024 return?
If I convert my property on 2024 to personal use in TurboTax will it still have all my information about depreciation for the 2025 sale?
a week ago