Investors & landlords

Thank you so much Carl!

 

You are right on most assumptions except that I was always using Turbo Tax filing my returns. I missed the depreciation in 2017 and 2018 and now I'm X-ing the both.

 

I rented the house out on 4/1/2017. The 2017 depreciation is a prorated amount.

 

But 2017 excess amount was carried over as "Vacation Home depreciation" and 2018's as "Schedule E suspended loss". I think that's because in 2017 I have 3 month (>10%) personal use of the property before renting out so the Vacation Home Loss Limitation rule applies.

 

For the passive activity loss (in my 2018 and 2019 Sch E), it will be reported on Form 8582. How do we report the Vacation Home Loss Limited unreported depreciation?