ColeenD3
Expert Alumni

Investors & landlords

I did a little research and came up with another solution that will work better for you.

 

 

You need to have a Schedule E in order to use the suspended losses, because they were listed in that section.

 

You also need to report the sale of your rental property in the Rental Income & Expenses section in order to correctly report the gain or loss due to depreciation. 

 

The way to get around this is to say that the property was rented at least one day, but don't report any rental income. This will preserve your suspended losses and allow you to report the sale in the section called Assets/ Depreciation in the Rental section.