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Investors & landlords
You have to stop the depreciation on the residential rental property.
At the property asset summary screen for your property; click edit to the right of asset
'Tell Us About This Rental Asset' [two screen for this information] You will review certain prior data
Then on the next screen after those entries continue
mark you sold
"This item was sold,retired,stolen ,destroyed,disposed of,converted to personal use,traded in ,or given away (or it is no longer used in this business for some other reason)
Then enter date /retired from use.[the date of death is entered to stop the depreciation]
continue on out
‎June 7, 2019
2:58 PM