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Investors & landlords
Yes, you may report partial year depreciation on a Rental Property that was not rented all year.
While you won't report that it was sold or disposed of, by entering only the actual number of rental days, you will receive only a partial year of depreciation. You will find this question on the page "Was This Property Rented for All of 20XX?" during the rental property interview.
Next year, you will report that it was not rented at all during the year. This will remove Schedule E for that property from your return. Be sure you save all the worksheets and forms from the year it was last rented, as you will need that information when you finally sell the property.
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‎June 4, 2019
9:34 PM