THBSr
Returning Member

Investors & landlords

Thanks. That's takes me part of the way there, but it still leaves some issues to resolve.

The property was withdrawn from the rental market in October of 2024. Hence, it is no longer depreciable after that date. However, it was sold in February of 2025.

 

Your screen entitiled "Tell Us More About This Rental Asset" does not give me the option of entering different dates of retiring from use and sale. Without going into a lot of detail, that wreaks havoc. How do I game your system to get the basis offset against the sale proceeds AND not have depreciation in 2025?