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Investors & landlords
This is good information, thanks.
In response to your following statement:
"If it were me, I would set up the rental on the Federal return and claim the loss (you will also claim depreciation because it is a use it or lose it deduction).", where would I then enter the expenses (repairs, improvements, etc.) and the depreciation? I am unable to enter that information under "Rental Properties and Royalties as it tells me to delete the property since there were no days I used it as an actual rental in 2019. It doesn't let me advance enough to be able to enter that information.
Thanks.
March 3, 2020
6:42 PM