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Investors & landlords
Thank you for the info.
The mobilehome will never be used again for rental, nor will it be sold. It is a 1976 mobilehome and has had a great life.
To account for it in 2025. Do I do the following:
THE MOBILEHOME WAS TAKEN OUT OF SERVICE ON 12/31/2025.
1. Navigate to the Rental Income and Expenses Section of return.
2. Select the mobilehome rental. "EDIT"
3. When it ask if property was rented 2025? "NO"
4. When it ask if I attempted to rent it in 2025? "NO"
After entering the above the following statement appears:
"Since the property was not a rental at all in 2025, you should delete it as a rental. Make sure to keep your complete return, including the Depreciation Report for this property, from 2024 (or the last year this property was used as a rental). You'll need that information when you sell the property or convert it back to a rental.
It that the proper way to remove from 2025 taxes?
Again, I will not be selling the property or renting in the future.
Thank you.