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Investors & landlords
You'll still report it on SCH E. But since you don't own the property you can't depreciate it. Hoever, you are still required to enter the property in the assets/depreciation section. Not a big deal. Go ahead and enter it with a cost of $ZERO DOLLARS and nothing will be depreciated, since there's nothing to depreciate.
‎April 9, 2020
6:56 PM