PatriciaV
Expert Alumni

Investors & landlords

Yes. In fact, you cannot take depreciation if the property is not available to be rented.

The accumulated depreciation over the life of the Rental Property does not go away. And you will need good records for the depreciation expense claimed during the years it was available to be rented.

If you wish to retain the information for the property on your tax return, do not check the box for "not rented all year." Otherwise, the program will delete the rental property and all historical information. You would then need to re-enter the property the next year it is available to be rented.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post